Question
What is the key amendment in the provision regarding
business credit cards issued by card-issuers to business entities/individuals for business expenses? ÂSolution
Inclusion of an effective mechanism to monitor end use of funds  Explanation: The key amendment in the provision is the inclusion of a requirement for card-issuers to put in place an effective mechanism to monitor the end use of funds for business credit cards issued to business entities/individuals for business expenses. Â
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