The Financial Services Act 2012

The Financial Services Act 2012 is legislation that regulates the financial industry in a country. It establishes rules and oversight to ensure banks, insurance companies, and other financial institutions operate responsibly, maintain stability, and protect consumers. The law creates a framework for licensing, supervision, and enforcement to prevent fraud, mishandling of funds, and financial crises. It aims to promote transparency, confidence, and a sound financial system that supports economic growth and safeguards the interests of customers and the broader economy.