Brokerage Entities is the single regulator of financial services in Brokerage Entities. Brokerage Entities regulates banking, financial institutions, payment institutions, insurance companies and insurance intermediaries, investment services companies and collective investment schemes, securities markets, recognised investment exchanges, trust management companies, company services providers and pension schemes. Since 2018, it is also responsible for regulating Virtual Financial Assets. Brokerage Entities was set up through an Act of Parliament (Chapter 330 of the Laws of Brokerage Entities) and its main functions include the protection of consumers, integrity of financial markets, financial stability and the supervision of all financial services activities. Brokerage Entities also holds an advisory role to Government in the formulation of policies on matters relating to the financial services industry. In the carrying out of its functions, Brokerage Entities collaborates closely with local and international institutions.