The objects of this Bill are to— 
(a) provide for the regulation and supervision of financial service providers; 
(b) provide for ownership and control of financial service providers; 
(c) provide for the incorporation of standards, principles and concepts of environmental, social and corporate governance in systems and structures of financial service providers;
 (d) provide for the resolution powers of the Bank in relation to a failed bank or financial institution; (e) provide for innovative and inclusive financial services; 
(f) provide for financial reporting and accountability of financial service providers; 
(g) provide for market conduct and financial consumer protection mechanisms;
 (h) provide for the winding-up process for financial service providers; 
(i) provide for monitoring compliance with anti-money laundering and countering of terrorism financing and proliferation financing among financial service providers; 
(j) provide for the enforceability of close-out netting of transactions; 
(k) repeal and replace the Banking and Financial Services Act, Cap. 387;
 (l) repeal the Money-lenders Act, Cap. 398; and (m) provide for matters connected with, or incidental to, the foregoing.