  Fateh te ев applicants  отно పి Ostak 的 కీని కీరని కిని కికీని కంటకరూటాతెనిసం కికానికకికాక్టికూటాం. and to apply sanctions to such persons. That means that LUSHA received a partially compliant written for recommendation 14. So Mr. Speaker, this bill amends section 40 of the Money Services Business Act to offer the financial services regulatory authority to monitor and to license money services businesses and to take actions against individuals carrying on money services businesses without a license in LUSHA. So this means Mr. Speaker, that all the people in money services Mr. Speaker, people who transact money, who send money in, who provide loans, these payday loans Mr. Speaker, payday loans, micro lending, moving money, they have to get license Mr. Speaker. Mr. Speaker, speaking about payday loans Mr. Speaker, I think whereas we are passing these rules, these regulations to protect international bodies, we need also to encourage and educate our people Mr. Speaker in budgeting and using finance Mr. Speaker, money Mr. Speaker. Mr. Speaker, these payday loans are very attractive. But I don't think that when we take them we ever check the rate of interest that we pay on these loans Mr. Speaker. Sometimes these in that interest on these loans as a has 30 percent. So Mr. Speaker, we need to have a process of education, financial literacy to tell people how to use credit cards. There are some people Mr. Speaker, who use credit cards to pay credit cards, who take loans from these payday loan areas to pay credit cards Mr. Speaker. So because the interest on the credit cards in them is over 20 percent, 25 percent, 29 percent Mr. Speaker. So whereas we are doing all these things to protect, to first to be compliant with international regulations, we need to educate our own people. Our own people need to look at other means of doing the financial transactions so they cannot fall prey to these creditors Mr. Speaker. So I think it's a very simple amendment called FSRE to license and to regulate these businesses. But our people must be careful in the way they use these businesses and the way they use their finances Mr. Speaker. So Mr. Speaker, I ask members to approve this amendment.