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The explosion of the world's capital markets and the related surge of activity in the investment fund industry have captured the attention of regulators. Moreover, the continuing development of the world's securities markets, the growing speed with which investment advisors can access an international client base and make cross-border investments, and the rise of the Internet as a business medium, have all made regulation increasingly complicated and significant.
Recently, many countries have implemented or significantly revised their investment adviser regulatory structures, posing a challenge to investment advisers with an increasingly international business focus. In this environment, knowledge of worldwide regulatory schemes is essential.;Now in its second edition, this text provides a complete, late-1990s international guide to these regulatory systems. It covers 29 jurisdictions. A clear, uniform presentation permits easy comparison of the regulatory systems of different countries.