What are the seven authorities of the financial services authority?
What are the seven authorities of the financial services authority?
The seven authorities of financial services authority are as follows.
- Establish operational policies for the supervision of financial service activities.
- Supervise the implementation of supervisory duties carried out by the Chief Executive.
- Give written orders to financial service institutions and certain parties.
- Make appointments to manage statutes.
- Establish administrative sanctions against parties who violate laws and regulations in the financial services sector.
- Granting or revoking business licenses, permits for individuals, continuing approval to carry out business activities or dissolution, and other stipulations.
- Carry out supervision, examination, investigation, consumer protection, and other actions against financial service institutions, actors, and supporters of financial service activities as referred to in laws and regulations in the financial services sector.
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