Regulation of small and medium enterprises Small and medium enterprises in most countries do not have a specific legal framework to regulate their activities as most governments share the view that too much regulations and unnecessary interference may impact negatively on normal commercial operations. However, small and medium enterprises are expected to abide by all other relevant laws and regulations, including taxation law.
Its usage for transfer of funds, especially for large values and for systemically important purposes, has increased since then. With introduction of RTGS, whereby a final settlement of individual inter-bank fund transfers is effected on a gross real time basis during the processing day, a major source of systemic risk in the financial system has been reduced substantially.