Modern Financial Regulation is a practical guide to the UK's Financial
Services Act 2012. This new legislation will bring about major
structural and regulatory changes to financial services, including:
abolition of the UK's Financial Services Authority, which is to be
replaced with the Financial Conduct Authority and the Prudential
Regulation Authority * introduction of light touch regulation to be
replaced by far more robust regime of regulatory, civil injunctive, and
criminal enforcement * a new consumer focused investigative and
prosecution authority that will regulate consumer markets * a focus on
'principles based' enforcement, which mirrors the approach to consumer
law of the Consumer Protection from Unfair Trading Regulations. The
Financial Services Act 2012 amends and consolidates various statutory
provisions, and dovetails with several discrete areas of financial
regulation, including money laundering, insider trading, and cartel
offenses. This new guide explains how all these various strands
interlock and how the new approaches are likely to work in practice.
Modern Financial Regulation will be essential reading for anyone who
requires an understanding of the UK legal framework underpinning the
financial services sector. Contents include: an introduction and history
of UK financial regulation * an overview of new regulatory framework *
prudential regulation authority * Financial Conduct Authority * money
laundering * payment services regulations * e-money * cartels,
competition, and insider dealing * consumer credit.
