Financial services and markets: Civil rights of action
Journal of Financial Regulation and Compliance
ISSN: 1358-1988
Article publication date: 1 March 2001
Abstract
Draft regulations published for consultation by the government under the Financial Services and Markets Act 2000 would create statutory rights of action for loss suffered as a result of regulatory breach by banks and insurers, and would extend such rights to cases where an authorised firm exceeds the scope of its regulatory permission. Although the effect may, in many cases, be to impose strict liability in a wide range of cases, no case has been made out to justify the expansion of statutory civil liability in the financial services sector.
Citation
Staple, G. and Anderson, K. (2001), "Financial services and markets: Civil rights of action", Journal of Financial Regulation and Compliance, Vol. 9 No. 3, pp. 237-244. https://doi.org/10.1108/eb025078
Publisher
:MCB UP Ltd
Copyright © 2001, MCB UP Limited