Regulatory update

Abstract

SIB Guidance Release 3/96 — standards for the custody of customer's investments The Treasury has decided to make custody of investments an activity requiring authorisation under the Financial Services Act 1986 so SIB has now published Guidance addressed to self‐regulatory organisations (SROs) and recognised professional bodies (RPBs) setting out standards and guidance notes for the safeguards which Securities and Investments Board (SIB) will expect those bodies to incorporate in their rules and maintain so as to afford protection to investors. The SIB looks to SROs and RPBs to require that authorised firms:

Citation

Gray, J. (1997), "Regulatory update", Journal of Financial Regulation and Compliance, Vol. 5 No. 1, pp. 66-69. https://doi.org/10.1108/eb024907