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 recommendations of the Gower Report. In 2000 the Act was replaced by the Financial Services and Markets Act

Accounting dictionary. 2014.

Look at other dictionaries:

  • 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 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

  • 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… …   Financial and business terms

  • 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

  • Courts and Legal Services Act 1990 — Courts and Legal Services Act, 1990 Parliament of the United Kingdom Long title An Act to make provision with respect to the procedure in, and allocation of business between, the High Court and other courts; to make provision with respect to… …   Wikipedia

  • The Financial Services Authority — Управление по финансовому регулированию и надзору Год основания 1997 Расположение Лондон, Великобритания Веб сайт …   Википедия

  • financial intermediary — 1) An institution, be it a bank, building society, finance house, insurance company, investment trust, etc. , that holds funds borrowed from lenders in order to make loans to borrowers. 2) In the Financial Services Act (1986), a person or… …   Big dictionary of business and management

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.