Financial Services Act (outline proposal)

I have slightly updated the outline of the draft for the Financial Service Act. Credit is now covered by a separate book rather as a title under book 3 (on banking).

Lagrangian Republican Association

Full title: “Federal Financial Services Act of JD 2464388.5”

Short title: “Financial Services Act (2035)”

Outline contents:

Book 1 General provisions

Book 2 The Authority for the Financial Markets

Book 3 Banking

-Title 1 General provisions

-Title 2 Consumer and Investment banks

-Title 3 miscellaneous

Book 4 Credit

-Title 1 On the types of credit and monetary loans

-Title 2 Credit Unions

-Title 3 Peer-to-peer lending services

Book 5 Insurance services

-Title 1 General provisions

-Title 2 Insurance companies

-Title 3 Insurance markets

-Title 4 Types of insurances

-Title 5 Reinsurance

-Title 6 Miscellaneous

Book 6 Securities

Book 7 Derivatives

-Title 1 General provisions

-Title 2 Trading in derivatives

Book 8 Financial intermediaries

Book 9 Asset management and mutual funds

Book 10 Currency trade

Explanation:

The general purpose of this act is to regulate financial markets. Though financial markets have faced severe criticism, and to a largely extent this had been…

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