The Blackstone's Guide Series delivers concise and accessible books covering the latest legislative changes and amendments. Published soon after enactment, they offer expert commentary by leading names on the extent, scope, and effects of the legislation, plus a full copy of the Act itself. They offer a cost-effective solution to key information needs and are the perfect companion for any practitioner needing to get up to speed with the latest changes.
The Financial Services and Markets Act 2000 was the most important piece of legislation in the financial services area for many years. It made a number of important changes, including:-
- overhauling and unifying the arrangement for oversight of banking, insurance and other investment services;
- introducing new sanctions to restrain abuse of financial markets;
- establishing the Financial Services Authority as regulator of the UK's financial services industry;
- creating a statutory Financial Ombudsman Service to enable financial disputes to be resolved quickly and informally;
- establishing the Financial Services and Markets Tribunal;
- and creating a Financial Services Compensation Scheme to unify the arrangements for depositor and policyholder protection and investor compensation.
The new edition of this Blackstone's Guide combines the full text of the Act with an expert narrative. It seeks to explain the scope and impact of the Act, and bring practitioners right up-to-date with this complex piece of drafting. Developments in UK financial services regulation are taken into account where relevant in response to the global financial upheaval of 2007-9. Presented in a straightforward layout, the book enables ease of use as a reference source.