Category: Independent
-
Moves to Overhaul Troubled Non-Bank Finance Sector
The draft amendments now open for public comments until 30 November 2025—seek to seal long-standing regulatory gaps, strengthen supervision, and prevent a repeat of the high-profile collapses that have battered confidence in the sector in recent years. The FBA, introduced in 2011 to replace the outdated Finance Companies Act, was designed to regulate licensing, governance,