Financial Services And Markets Act 2000 Article Index for
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Financial Services And Markets Act 2000




Some of the key sections of this act are:

  • ''Section 2'' outlines the regulatory objectives of the FSA: (a) market confidence; (b) public awareness; (c) the protection of consumers; and (d) the reduction of Financial Crime .


  • ''Section 19'' requires firms to be authorised to conduct regulated activities.


  • ''Section 21'' makes it a criminal offence to issue a financial promotion in the United Kingdom unless it is issued or approved by an authorised firm or exempt via the Financial Promotions Order .


  • ''Section 59'' states that a person can not carry out certain controlling functions in a firm without approval by the FSA.


  • ''Section 71'' allows private persons to sue a firm for damages if a person performing a controlled function is not approved.




  • ''Section 138'' grants the FSA rule-making power.


  • ''Section 150'' allows private persons to sue for damages if an authorised firm has breached certain rules.


  • ''Section 165'' gives the FSA power to require certain information.




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