In accordance with the Financial Sector Regulation Act, 2017, the Deposit Insurance Regulations 2024, come into effect as of 1 April 2024. Under the auspices of the Minister of Finance and pursuant to sections 288(1) and 166AB(1)(b) of the Act, these regulations are crafted to fortify the resilience and safeguard the interests of depositors within the financial realm. Their enactment marks a pivotal stride towards fostering transparency and bolstering depositor confidence in the financial landscape.
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