Regulatory clarifications and enforcement relaxation address interpretive difficulties while supporting financial-market development under finance company regulation. Regulation 10A permits clarifications through guidance notes or circulars to remove difficulties in applying or interpreting the Finance Company ... Summary
Regulatory clarifications and enforcement relaxation address interpretive difficulties while supporting financial-market development under finance company regulation.
Regulation 10A permits clarifications through guidance notes or circulars to remove difficulties in applying or interpreting the Finance Company Regulations. It also permits relaxation of strict enforcement of any regulatory requirement in the interest of financial-market development, subject to written reasons being recorded and payment of any specified fee.
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