Shifting the Burden? The Impact of Act No. IX of 2025 on Financial Service Provider Liability
Act No. IX of 2025 has introduced a number of amendments to the Arbiter for Financial Services Act (Cap. 555). While most of these changes are relatively minor (see summary below), a notable revision involves the definition of ‘eligible customer’, specifically through the introduction of a proviso aimed at addressing liability in cases of fraudulent […]