Subject: Business Law

PLEASE HELP! ITS URGENT

Instruction: Expound on the following points (15 marks)

- What are the duties and powers of the FSC? Grant, refuse, suspend or cancel licences Assume temporary management of supervised entities Verify the competence and integrity of senior officers in keeping with fit and proper criteria Wind up insolvent companies Introduce measures to reduce the threat of fraud or money laundering Suspend trading in a security in the public's interest Review annual returns, corporate data, partnerships and business practices