Financial Services and Markets Act 2000
United Kingdom legislation / From Wikipedia, the free encyclopedia
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The Financial Services and Markets Act 2000 (c. 8) is an act of the Parliament of the United Kingdom that created the Financial Services Authority (FSA) as a regulator for insurance, investment business and banking, and the Financial Ombudsman Service to resolve disputes as a free alternative to the courts.
Quick Facts Long title, Citation ...
Act of Parliament | |
Long title | An Act to make provision about the regulation of financial services and markets; to provide for the transfer of certain statutory functions relating to building societies, friendly societies, industrial and provident societies and certain other mutual societies; and for connected purposes. |
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Citation | 2000 c. 8 |
Introduced by | Alun Milburn (Commons) |
Dates | |
Royal assent | 14 June 2000 |
Commencement |
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Status: Amended | |
Text of statute as originally enacted | |
Text of the Financial Services and Markets Act 2000 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk. |
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The act was considerably amended by the Financial Services Act 2012 and the Bank of England and Financial Services Act 2016.