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Subject:
SFA (UK) regulation of financial training.
Category: Business and Money > Finance Asked by: sp2004-ga List Price: $3.00 |
Posted:
13 Oct 2004 05:09 PDT
Expires: 12 Nov 2004 04:09 PST Question ID: 414140 |
I want to sell courses (to UK customers only) on financial markets trading. I never give specific investment recommendations, only information which helps students make their own decisions. Is this a regulated activity? I'd like to find a list of what is and what isn't. |
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Subject:
Re: SFA (UK) regulation of financial training.
Answered By: answerfinder-ga on 13 Oct 2004 06:03 PDT Rated: ![]() |
Dear sp2004-ga, The Financial Services Authority ?FSA? is now the UK body responsible for financial regulation. Their handbook contains a section on ?advising on investments?: Section AUTH 2.7.15. I will not quote from it here as like any comprehensive handbook or legal document, it is convoluted and not straight forward. http://www.fsa.gov.uk/vhb/html/AUTH/auth2.7.html Your navigation for the handbook is at the bottom of the page. The glossary appears here. Click on section ?R? and go to Regulated Activities. Page 163. The full list of regulated activities appear here. http://www.fsa.gov.uk/handbook/hbk_glossary.pdf I?ve had a look at the FSA web site http://www.fsa.gov.uk/ and it would seem the Independent Financial Advisers ?IFA? contact is the Firms Contact Centre. I?m sure they would welcome your call should you wish to discuss your particular situation. "Telephone: 0845 606 9966 (charged at local rate) Overseas: +44 207 066 1000 Fax: 0207 066 0991 Email: fcc@fsa.gov.uk Post: Firms Contact Centre. Financial Services Authority. 25 The North Colonnade Canary Wharf London E14 5HS" I hope this answers your question. If it does not, or the answer is unclear, then please ask for clarification of this research before rating the answer. I shall respond to the clarification request as soon as I receive it. Thank you answerfinder Search Strategy Knew of the site. |
sp2004-ga
rated this answer:![]() That's excellent. Thankyou so much. I meant FSA, of course:-) sp |
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Subject:
Re: SFA (UK) regulation of financial training.
From: probonopublico-ga on 13 Oct 2004 07:04 PDT |
Hi, sp2004 I believe that you will be OK provided you stress the educational aspect and issue a statement saying that you do not provide investment advice. So, make these points strongly when you speak to the FSA. Better still put it in writing! Good luck! |
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