<h1>Revised Draft Bill Seeks to Ban Unregulated Deposit Schemes; Public Comments Open Until December 17, 2016.</h1> The Department of Financial Services has released the revised Draft Banning of Unregulated Deposit Schemes and Protection of Depositors' Interests Bill, 2016, for public input. This updated version follows the initial 2015 draft and incorporates feedback from public comments and stakeholder consultations. The draft aims to address regulatory gaps in deposit-taking activities and proposes new legislative measures. Public comments on the revised draft are invited until December 17, 2016. The initiative seeks to enhance depositor protection by establishing a comprehensive legal framework for unregulated deposit schemes.