Regulatory Alerts2022-02-27
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Helping you identify businesses we regulate
The regulator provides guidance on identifying prudentially regulated entities, including banks, licensed insurers, licensed non-bank deposit takers, and designated financial market infrastructures. It details legal restrictions on using specific words like 'bank' and 'insurance' in names, titles, or advertising for unregulated entities, outlining offences for misrepresentation. The document also notes that authorization or exemption can be sought for using these restricted terms and refers to warnings issued against businesses falsely claiming regulatory oversight.
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