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The revised Act on Provision of Financial Services will come into effect from November 2021, and Financial Service Intermediary Business will be introduced which makes it possible to distribute financial products and services of banking, securities, insurance and money lending business with single license. This also helps developing new business models with diversified financial products, drastically changes the supply chain for them, and it is expected to emerge new players that capture customer needs.
KPMG AZSA provides advisory service that supports the license application for financial service intermediaries based on the amended regulations, supervisory guidelines, self-regulation, etc.
