1. Bankruptcy is a situation where the court of law has declared the insolvency of a person or entity and passed orders for its resolution. In 2001 Barbados' Bankruptcy Act (Cap. 303) was repealed and replaced by the \"Barbados Bankruptcy and Insolvency Act 2001". What is meant by 'Receiving Order' and outline its purpose? [5 marks] 2. Securities are essentially pieces of paper whose inherent value lies in the interest in property or an ongoing enterprise that they represent. This disparity between the tangible propertythe stock certicate and the intangible interest it represents, gives rise to several reasons for regulation. Many of which are dealt with in the Eastern Caribbean Currency Union Securities Act, 2001.The Act states that \"Where a public offer of securities is to be made in [Territory] the offeror shall publish a prospectus .. Briey describe the fmancial regulatory rationale for a Prospectus. [5 marks] 3. DoddwFrank Wall Street Reform and Consumer Protection Act 2010 was designed to promote the nancial stability of the United States by improving accountability and transparency in the nancial system, to end \"too big to fail\