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).
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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