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Financial Services Law, 4th Edition edited by Walker, George; Purves, Robert (8th March 2018)

Part III Financial Sectors and Activities, 19 Retail Investment Firms

George Walker, Robert Purves, Michael Blair

From: Financial Services Law (4th Edition)

Edited By: Professor George Walker, Robert Purves

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2015. All Rights Reserved.date: 17 November 2019

Subject(s):
Mortgage — Financial Services and Markets Act 2000 — Regulated activities — UK Financial Conduct Authority (FCA)

This chapter examines the UK regulatory framework governing retail investment firms. It begins with a discussion of financial scandals related to mis-selling of pensions, mortgage endowments and payment protection insurance. It then considers the changing regulatory environment for investment business, the general principles of conduct for investment firms, and the question of whether a representative or intermediary is under a duty to provide accurate or adequate information or has a duty to advise as to the suitable course of conduct. It also analyses the relevant provisions spelled out in the Conduct of Business Sourcebook (COBS) and the Markets in Financial Instruments Directive before concluding with an analysis of the effect of the legal ‘cut-over’ from the Financial Services Authority to the Financial Conduct Authority (FCA).

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