The Competition and Consumer Protection Commission can levy on which sector?

• A. Banks
• B. Investment intermediaries
• C. Credit intermediaries
• D. Insurance intermediaries

Answer: (B)

The main idea here is that the competition and consumer protection body can raise funds by imposing levies on the sector it regulates, to support its enforcement and consumer protection work. Investment intermediaries—such as brokers, fund managers, and investment advisers—are the group targeted because they operate in markets where competition and investor protections are highly active and resource-intensive to oversee. A levy on this sector helps ensure the regulator has the funds to monitor investment markets, pursue anti-competitive practices, and safeguard consumers.

Banks, credit intermediaries, and insurance intermediaries are typically overseen by other regulators (such as the Central Bank or sector-specific authorities), so the levy mechanism is not usually used against them in the same way.