Fraud & Financial Regulation
The Financial Services and Markets Act (FSMA) 2000 gives significant powers to the Financial Conduct Authority (FCA) in terms of applying regulations and ensuring the prevention of crime.
Legislation and Regulation
The Act is the main legislation that deals with financial regulation in the UK, and allows the FCA to act as both regulator and prosecutor where needed.
The FCA have responsibility for regulating the following services:
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Mortgage advice
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Insurance
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Banking
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Investments
The FSMA regulates the activities of people involved in financial services, and a breach could lead to civil action, criminal prosecution, or both.
The financial regulations outlined by FSMA are complex, and strictly apply to the FCA. For people providing financial services, it’s imperative to fully acknowledge and understand these regulation in order to ensure your legal obligations are carried out.
How can we help?
If needed, Hannah Solicitors can provide the following:
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Advice on financial regulations
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Advice on financial promotion
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Advice on market abuse
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Representation to those under investigation
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Representation to those facing prosecution
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Advice and representation to those facing criminal proceedings, including applying for injunction relief.
Get In Touch With Us
Discuss your situation with our experienced team. Our experts will get back to you as soon as possible.
