The authority designated under Section 9(1) of the Banning of Unregulated Deposit Schemes Act, 2019 may…
Under section 9(2) of the BUDS Act, the designated authority may require any Regulator or the Competent Authority to share information on deposit takers, so both bodies may…
Choose your answer
The authority designated under Section 9(1) of the Banning of Unregulated Deposit Schemes Act, 2019 may require information from:
Answer and explanation
Correct answer C
Under section 9(2) of the BUDS Act, the designated authority may require any Regulator or the Competent Authority to share information on deposit takers, so both bodies may be called upon, not depositors alone.