Below are acts that have been repealed by FSA 2013 EXCEPT

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Sukuk Act 2012
B	Banking and Financial Institutions Act 1989 [Act 372]
C	Insurance Act 1996 [Act 553]
D	Payment Systems Act 2003 [Act 627]

Explanation:

Detailed explanation-1: -The Financial Services Act (FSA) and the Islamic Financial Services Act (IFSA) came into force on 30 June 2013, replacing the repealed Payment System Act 2003 (PSA).

Detailed explanation-2: -A key difference between the FSA and the IFSA is the introduction of a new Part IV of the IFSA to strengthen Shariah governance whereby Islamic financial institutions shall ensure end to end sharia compliance with regards their policies, procedures and operations.

Detailed explanation-3: -Financial Services Act 2013 An Act to provide for the regulation and supervision of financial institutions, payment systems and other relevant entities and the oversight of the money market and foreign exchange market to promote financial stability and for related, consequential or incidental matters.

There is 1 question to complete.