PitchSend

Investor Presentaiton

Broader Regulatory Environment Timing of regulatory instruments Quality of legislation and regulations Limited access to justice and dispute resolution mechanisms • • • • • The time taken to formulate and pass legislation and regulations is always a contentious issue and although a prudent step to avoid rash decisions, but a long incubation period of legislation can inhibit and sometimes undermine the momentum and viability of the financial services sector; e.g. Insurance regulations, NPS Act and Agency Law More principles based legislation with greater reliance on expertise of regulators with broader delegated legislative discretion would enable considered and timely responses to drive and safeguard financial service development. There is no consistency in drafting quality of financial legislation. It varies from superbly drafted and well structured to poorly drafted and tangential In a civil law system, there is utmost reliance on precise drafting with limited variance for interpretation through a consistently high standard of drafting The advancement of financial services strongly relies on both FSPs and Consumers being able to resolve disputes and enforce contracts Courts need technical assistance in the resolution of financial services matters Effective access to courts and alternative dispute handling mechanisms is limited beyond Kinshasa which would limit growth only to nodes of effective justice, particularly with regard to the extension of Credit Customary courts are a potentially widespread point of low value financial dispute handling but would require training

View entire presentation