United Kingdom

GB · GBR · Europe

4 regulators · 3 instruments · 23 enforcement actions

Act 2000

Financial Services and Markets Act 2000 (FSMA)

Effective: 1 Dec 2001

Plain-English summary

The cornerstone of UK financial regulation. It establishes the 'general prohibition' on carrying out regulated activities without authorisation, creates the framework of regulated activities and approved persons, and gives the FCA and PRA their statutory powers.

Topics

Market Integrity & Securities

Official source

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