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Financial Markets and Securities
Regulation (JP001)
Contents
- Introduction ( 1:53 )
A. History & Context
- Before FSMA ( 7:33 )
'Big Bang' and the Financial Services Act 1986 - The Financial Services and Markets Act 2000
( 3:58 )
The principles behind FSMA and the role of the Financial Services Authority - The FSA ( 6:31 )
The FSA’s statutory objectives, principles of good regulation and principles for business; approved persons, appointed representatives and the Financial Services & Markets Tribunal
B. Law & Practice
- Map of the Area ( 5:58 )
The different layers of regulation, domestic and European - European Harmonisation & Passporting
( 5:58 )
The key EU directives and the passporting regime - Perimeter Issues & Authorisation (
7:32 )
Authorisation requirements, the 'general prohibition' and the Regulated Activities Order - Conduct of Business Rules
( 5:22 )
Conduct of Business rules (COBs), their ambit, application and jurisdiction - Management Systems & Controls (
3:04 )
The FSA sourcebook on Senior Management Systems and Controls (SYSC), their scope, objectives and enforcement - Financial Promotions & Marketing
( 8:35 )
The definition, the restrictions, the penalties for breach, jurisdiction - Market Abuse ( 14:20 )
The need for civil offences, key features, the Market Abuse Directive, some cases and how they come to light - Investigation and Enforcement
( 11:10 )
The FSA’s powers, approach and criteria for enforcement and penalties, and an overview of the process
Total time 81:54

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