In this regard, we should also  BIS Review 26/2004  1  promote the legislation of investment company, regulate private fund placement, and advance micro credit business development so as to satisfy the financing needs of the small enterprises and natural persons. In many countries, rules have been formulated to regulate and supervise the above mentioned lending institutions.
These rules allow individuals and companies to issue loans with a license (such as in Hongkong and the NewYork State of the United States), or require the lenders to register every transaction and pay relevant fees (such as in South Africa). Any violations of the supervisory rules will be punished.