|
|
Keywords:
Overtaken,
Amongst,
Chaotic,
Albeit,
Regulatory
An Act of Parliament which introduced a system of self regulation for investment related business as it relates to the public. The Act came into full force in 1988.
The Financial Services Act 1986 has established regulations for firms in the investment service industry, including buying and selling of stocks. It has now been overtaken by the Financial Services and Markets Act 2000 which, amongst other things, has centralised regulatory power in the hands of the Financial Services Authority.
This act provided the framework for regulation of the financial services industry in the UK and a regime for the protection of investors. It has been superseded by the Financial Services and Markets Act 2000 .
Principal UK legislation relating to the regulation of the financial services industry.
Pivotal Act that introduced some sort of regulation - albeit self-regulation - into the chaotic world of personal finance. It has now been overtaken by the Financial Services and Markets Bill that, amongst other things, has centralised regulatory power in the hands of the Financial Services Authority.
The legislation (effective April '88) that imposes regulations on who is allowed to conduct investment business and how it is conducted.
|