C: Part 4a Permission - created from Mind Map

PRA Institutions that accept deposits Institutions that accept insurance contracts

FCASmaller firms which typically advise on and sell investments and/or home finance and/or gen. insurance

- as set out in FSMA - apply to relevant regulator unless exempt

FCA's roles include:Direct authorisation & regulation of UK financial services system: authorising businesses prudential regulation - making sure they are financially sound regulating conduct of business Monitoring activities of various recognised bodies: investment exchanges, such as London Stock Exchange overseas investment exchanges, such as NASDAQ clearing houses, such as CREST designated professional bodies, such as the Law Society and Institute of Chartered Accountants in England & Wales Policing the financial services system: stopping firms & individuals carrying on unauthorised business preventing certain individuals from being employed in or becoming reps of authorised firms

Part 4a Permission

Annotations

Notes