Banking and finance lawyers play a crucial role in advising clients on the full spectrum of regulatory compliance, including the recent mandate for transparent disclosure of information by shareholders owning from 1% of charter capital or more. This transparency is a move towards greater accountability within the financial sector, and banking and finance lawyers are at the forefront, providing the legal framework through which clients can navigate this new demand for openness.
With the law set to take effect from July 1, 2024, banking and finance lawyers are already helping clients prepare for the upcoming changes. They offer expert guidance on creating policies and procedures that align with the law’s requirements, such as establishing clear boundaries between banking services and insurance product offerings.
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