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<h1>Ban on unregulated deposit schemes prohibits deposit takers from promoting, advertising, enrolling or accepting such deposits.</h1> A statutory ban prohibits all Unregulated Deposit Schemes from operating from the Act's commencement, and bars any deposit taker from directly or indirectly promoting, operating, advertising for, soliciting participation in, enrolling participants in, or accepting deposits pursuant to an Unregulated Deposit Scheme.