The FSA has introduced a number of changes affecting designated investment business. These changes cover procedures related to best execution, UCITS II and the use of past performance in financial promotions among others. In addition the passage of the Proceeds of Crime Act 2002 has resulted in additional regulatory responsibilities which carry severe sanctions for failures in compliance.
The 2nd edition of A Practitioner's Guide to the FSA Regulation of Designated Investment Business deals with the specific issues that are relevant to regulated firms on a daily basis. It analyses the investments that are regulated, considers the impact of the Conduct of Business Rules and looks at the Client Asset regime and related rules as well as the special cases of trustee firms, occupational pension schemes and collective investment schemes.
A variety of broad ranging changes have been made to the content of the book, revising and updating in order to reflect the FSA's evolution in the field of regulated activities.
