GLOSSARY
Financial Services and Markets Act 2000 definition
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What does Financial Services and Markets Act 2000 mean?
This is an Act of Parliament which created the Financial Services Authority as the single statutory regulator of financial services in the United Kingdom.
The Act regulates insurance business, investment services and banking in the United Kingdom and sets out the requirement that anyone carrying on such activities in the UK must either be authorised by the FSA or be exempt from authorisation.
Financial Services
This is an Act of Parliament which created the Financial Services Authority as the single statutory regulator of financial services in the United Kingdom.
The Act regulates insurance business, investment services and banking in the United Kingdom and sets out the requirement that anyone carrying on such activities in the UK must either be authorised by the FSA or be exempt from authorisation.
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