This Special Paper examines the constraints that limit access to finance and to develop specific recommendations for the removal of legal constraints and further actions to address problems of non-legal nature. The structure of the financial services industry is determined principally by regulations. This report, the result of a consultative, participatory survey process, highlights various deficiencies and weaknesses in current regulations. Stakeholders in the various sectors of the financial services industry were surveyed for their views on how the regulatory framework constrains the provision of financial services. The survey results therefore express the views and opinions of players in the financial services industry.