Financial Services Act

Financial Services Act Fiˌnancial ˈServices ˌAct noun LAW
in Britain, a law that in 1986 Regulated (= established rules and laws for) investment advice and services in order to protect investors, and that prepared for Big Bang:

• The aim of the Financial Services Act 1986 was to introduce self-regulation within a legal framework.

Financial and business terms. 2012.

Look at other dictionaries:

  • Financial Services Act — /faɪˌnænʃəl sɜ:vɪsɪz ækt/ noun an Act of the British Parliament which regulates the offering of financial services to the general public and to private investors …   Dictionary of banking and finance

  • Financial Services Act 1986 — Principal UK legislation relating to the regulation of the financial services industry. Dresdner Kleinwort Wasserstein financial glossary The Financial Services Act 1986 has established regulations for firms in the investment service industry,… …   Financial and business terms

  • Financial Services Act (1986) — A UK act of parliament that came into force in April 1988. Its purpose was to regulate investment business in the UK by means of the Securities and Investment Board and its Self Regulating Organizations. It provided legislation for many of the… …   Accounting dictionary

  • Financial Services Act (1986) — A UK act of parliament that came into force in April 1988. Its main objectives were to regulate investment business, providing investors with greater protection, and to promote competition in the savings industry. These objectives were to be… …   Big dictionary of business and management

  • the Financial Services Act — UK US noun [S] ► FINANCE, LAW in the UK, a law passed in 1986 to make new rules for selling financial services and products. This was done to prepare for BIG BANG(Cf. ↑Big Bang): »The Financial Services Act stripped the exchange of much of its… …   Financial and business terms

  • financial services law — the law applying to financial services such as investments and pensions. This area was thoroughly overhauled by the Financial Services Act 1986, passed to implement the recommendations of the Gower Report on Investor Protection. The regime put in …   Law dictionary

  • Financial Services Authority — The Financial Services Authority ( FSA ) is an independent non governmental body, quasi judicial body and a company limited by guarantee that regulates the financial services industry in the United Kingdom. Its main office is based in Canary… …   Wikipedia

  • Financial Services Authority — FSA, formerly known as SIB. The designated agency under the Financial Services Act 1986 and the regulator of exchanges, Self Regulating Organisations, clearing houses, recognised professional bodies, banks, wholesale money markets and certain… …   Financial and business terms

  • Financial Services Modernization Act of 1999 — Gramm Leach Bliley Act (GLBA) USA Also known as the Financial Services Modernization Act of 1999. The GLBA repealed provisions of the Banking Act of 1933 (Glass Steagall Act) which prohibited one institution from acting as an investment bank,… …   Law dictionary

  • Financial services — refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance… …   Wikipedia

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