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Mapa mental

D: Other Regulators

Mark Varela R01 - Financial services, regulation, and ethics CII - Level 4 Diploma Inglés

Mind map of other UK regulators: Office of Fair Trading, Competition Commission, The Pensions Regulator and ICO

Mind map: Other UK regulators

Contenido del mapa

D: Other Regulators

  1. Office of Fair Trading

    • - enforce competition & consumer protection rules - study how markets are working - improve awareness & understanding of good market practice - license businesses that offer goods or services on credit, lend money, or involved in activities relating to credit or hire under Consumer Credit Act (CCA) - can refuse or revoke a license if decides trader is not fit - maintain Consumer Credit Public Register
  2. Competition Commission

    • - work with HM Treasury & FCA to ensure competition between UK companies is fair for the benefit of business - three issues of concern are in mergers, in markets, in regulated sectors - can require mergers to stop from going ahead, require a firm to sell off part of its business, or require them to behave in a way that safeguards competition - replaced Monopolies & Mergers Commission in 1999 following Competition Act 1998
  3. The Pensions Regulator

    • - took over from OPRA 6th April 2005 - protect benefits of work-based pension schemes - promote good admin - reduce risk of situations which may lead to compensation payable from Pension Protection Fund - maximise employer compliance with employer duties - can prohibit a person from being a trustee, suspend, appoint, fine any individual (£5k) or company (£50k) for breach of law, wind-up a scheme - can obtain court injunction to prevent any misuse of assets of occupational pension scheme
  4. Information Commissioner's Office

    • - UK independent body set up to maintain information rights in the public interest, promoting openness by public bodies and data privacy for individuals - oversee the working of the Data Protection Act - oversee Privacy & Electronic Communications Regulation, Freedom of Information Act 2000, Environmental Information Regulations

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CII - Level 4 Diploma (C4: The Regulation of Financial Services) R01 - Financial services, regulation, and ethics Mapa Mental sobre D: Other Regulators, creado por Mark Varela el 31/03/2014.
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Mark Varela
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