Consumer Protection Standards
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Questions and Answers

What is the purpose of the Regulatory Standards mentioned in the text?

The purpose of the Regulatory Standards is to ensure consumer protection in the financial sector.

How are the Consumer Protection Standards enforced?

The Consumer Protection Standards are enforced in the same manner as the Regulation, making them mandatory and enforceable.

What is the structure of the Consumer Protection Standards?

The Consumer Protection Standards follow a principles-based structure.

Which Circular number includes the Consumer Protection Regulation?

<p>The Consumer Protection Regulation is included in Circular No. 8 - 2020.</p> Signup and view all the answers

What are the Consumer Protection Standards?

<p>The Consumer Protection Standards are a set of regulations that licensed financial institutions must comply with when carrying out financial activities.</p> Signup and view all the answers

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