The commencement dates of certain provisions that relate to Ombuds under the Financial Sector Regulation Act (FSRA) has been recently amended as published in Government Gazette No. 43371 (Government Notice 612 of 29 May 2020).
Government Notice 612 has the following effect:
- The commencement date of Chapter 14 (sections 175 to 217) of the FSRA, relating to Ombuds, has been delayed yet again and will now take effect on 1 November 2020.
- The Financial Services Ombud Schemes Act will be repealed as of 31 May 2021.