Financial Services Law provides a long awaited detailed analysis of the regime under FSMA and subordinate legislation and the FSA handbook and rules. This book reflects the regime as it has matured and developed over the years since 2001. Many developments have occurred since the inception of the regime, two of the largest changes being the regulation of mortgage and insurance products for the first time. Full consideration is given of these new areas. Enforcement and disputes are now also growing issues as a result of regulated bodies falling foul of the rules. The chapter on enforcement also includes a section on supervision setting out the FSA's powers on the investigation of wrong doing. There is also a chapter on financial redress covering disputes, compensation and complaints. In addition to topical coverage of EC Directives (such as MAD and MiFID) other influences external to the UK are included. There is a chapter on Europe covering progress and process from Maastricht to Lamfalussy and the impact of EU processes on UK law.
The final chapter looks at global developments in this area including the work of a number of bodies relevant to this area (WTO, IOSCO, IAIS, FATF etc). Written by a combined contributor team of leading city practitioners and key individuals from the FSA, the text provides high quality material in this topical and growing area.
Table of Contents
Preface; Introduction; PART I: FINANCIAL SERVICES AND MARKETS; 1. Financial Services Authority; 2. Financial Services and Markets Act; PART II: FSA HANDBOOK; 3. FSA Handbook and High Level Standards; 4. Regulatory Processes - Authorisation, Supervision, Enforcement; 5. Financial Redress - Disputes, Compensation and Complaints; 6. Market Abuse; 7. Insider Dealing, Misleading Statements and Practices and Other Offences; 8. Money Laundering and Financial Crime; PART III: FINANCIAL SECTORS; 9. Financial Regulation - The Integrated Prudential Sourcebook (PRU); 10. Securities Firms - Wholesale Sector; 11. Investment Firms - Retail Sector; 12. Banks & Banking; 13. Mortgage Regulation; 14. Insurance Companies and Insurance Sales; 15. Collective Investment Schemes; PART IV: PUBLIC OFFERS; 16. Listing and Public Offers; PART V: EUROPEAN AND CROSS-BORDER ISSUES; 17. European Financial Services; 18. International Agreements and Supranational Bodies in Banking and Financial Services
Dr. George Walker is a Reader in International Financial Law at the Centre for Commercial Law Studies at Queen Mary University of London and Acting Head of the Banking and Finance Division of CCLS. He is also a solicitor and consultant to Farrer & Co. Michael Blair QC has been in self employed practice at the Bar since 2000 and was previously General Counsel to the Board of the Financial Services Authority 1997-2000. He has been a leader among the specialists in the field of financial services since he first joined the Securities and Investments Board as its legal Director in 1987.