The Competition and Consumer Protection Commission can impose a levy on:

• A. insurance intermediaries.
• B. banks.
• C. credit intermediaries.
• D. investment intermediaries.

Answer: (B)

The key idea is that the Competition and Consumer Protection Commission uses levies to fund its work in regulating competition and protecting consumers, and in the financial sector the levy is specifically applicable to banks. Banks have a large market presence and a broad customer base, so directing a levy to banks helps ensure the CCPC has sufficient resources to monitor, enforce, and promote fair, competitive practices in retail banking and protect consumers.

Other types of financial intermediaries—such as insurance intermediaries, credit intermediaries, or investment intermediaries—operate under different regulatory schemes or funding arrangements. Their activities and oversight fall outside the CCPC’s levy remit in this context, so they’re not the entities the CCPC imposes this particular levy on.