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What is a basic understanding of financial regulations?
Asked by Dave
On a person specification for a job I'm trying for, it asks for a basic understanding of financial regulations. Could anyone give me the sort of information I need to state here to meet the spec?
Thank you
A:
Best Answer:
I means that you know the basic laws on Loans, morgage, banking, etc.
A:
best bet is to visit FSA website. you should not give any financial/mortgage related advice without the proper accreditation , more detail available on website.
Answered by sigmund
A:
Depends on jurisdiction, type of job
As well as the FSA the OFT website has information on Consumer Credit Law - note that there is an overlap between bodies and the FSA does not normally deal with ordinary credit but does deal with mortgages.
Check the job description for more info
Answered by Ian M
A:
National Association of Security Dealer is a good place to start. It is an industry organization representing persons and companies involved in the securities industry in the United States. It is also the primary Self Regulatory Organization (SRO) responsible for the regulation of its industry, with oversight from the Securities and Exchange Commission (SEC). http://www.finra.org/index.htm
Bet wishes.
Answered by JQT
A:
JQT is on the right track. However, don't call it "National Association of Security Dealer." They changed their name to FINRA, I don't remember what it stands for, but it is all on their website: http://www.finra.org/index.htm.
Some basics:
Regulation governs:
Length of time required to process shareholder requests.
Liscenses determine what you can and can not discuss with shareholders.
What you can say in advertisment.
What you have to state in a fund's prospectus.
What you have to state in a fund's SAI (Statement of Additional Information).
Answered by James C
A:
According to http://en.wikipedia.org/wiki/Financial_regulation,
Financial regulations are a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the integrity of the financial system. This may be handled by either a government or non-government organization.
The regulatory authorities in various countries is as listed below :-
U.S. Securities and Exchange Commission (SEC), USA
Securities and Exchange Surveilance Commission (SESC), Japan
Investment Dealers Association of Canada (IDA), Canada
Irish Financial Services Regulatory Authority, Ireland
Financial Services Authority (FSA), UK
Autorité des marchés financiers (AMF), France
China Securities Regulatory Commission (CSRC), People's Republic of China
Securities and Exchange Commission of Pakistan, Pakistan
Comisión Nacional Bancaria y de Valores, Mexico
Answered by V.T.V.RAM
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