Legal And Regulatory Framework Flashcards
1
Q
What is FSMA 2000?
A
Key UK financial regulation law – ensures market integrity & consumer protection.
2
Q
What does FSA stand for?
A
Old regulator – replaced due to 2008 crisis.
3
Q
What is the role of FCA?
A
Conduct regulator.
4
Q
What is the function of PRA?
A
Prudential regulator for firms’ safety.
5
Q
What does FPC monitor?
A
Overall financial stability.
6
Q
What is TPR responsible for?
A
Regulates workplace pensions.
7
Q
What is the role of HMRC?
A
Ensures correct tax reporting & fights tax evasion.
8
Q
What does CMA promote?
A
Fair competition in finance.
