ਵਿੱਤੀ ਸੇਵਾ ਨਿਯਮ
FCA/PRA ਨਿਯਮ, ਅਧਿਕਾਰ, ਮਾਰਕੀਟ ਦੁਰਵਰਤੋਂ ਅਤੇ ਖਪਤਕਾਰ ਕ੍ਰੈਡਿਟ।
ਜਾਣ-ਪਛਾਣ
Financial services regulation in the UK is primarily governed by the Financial Services and Markets Act 2000 (FSMA). The FCA regulates conduct and consumer protection; the PRA oversees the safety and soundness of banks, insurers, and major investment firms. No person may carry on regulated activities without authorisation or exemption.
ਮੂਲ ਸਿਧਾਂਤ
General Prohibition — No person may carry on a regulated activity unless authorised or exempt (s.19 FSMA). Breach is a criminal offence.
FCA Objectives — Consumer protection, market integrity, and promoting competition.
Market Abuse — Insider dealing, unlawful disclosure, and market manipulation are prohibited under UK MAR.
Financial Promotion — Communications must be approved by an authorised person or exempt (s.21 FSMA).
Senior Managers & Certification Regime — Personal accountability for senior managers in regulated firms.
Consumer Credit — Regulated by the Consumer Credit Act 1974 and supervised by the FCA.
ਮੁੱਖ ਐਕਟ
Financial Services and Markets Act 2000
Consumer Credit Act 1974
ਆਮ ਸਥਿਤੀਆਂ
Bank mis-sells investment product
Complain to the firm, then escalate to the Financial Ombudsman Service. If the firm is insolvent, the Financial Services Compensation Scheme covers up to £85,000 per person per firm.