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Financial Services Act 1986

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Financial Services Act 1986
Legislation in the United Kingdom that largely deregulated financial services. Specifically, it removed from courts the ability they previously held to regulate derivative contracts. Most of the Act (though not the aforementioned example) was repealed by the Financial Services and Markets Act 2000.


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Disclaimer: All information contained in this article, is for general information purposes only and should not be construed as advice under the Financial Services Act 1986.
The Ombudsman agreed that the company had been in breach of the Financial Services Act 1986 after complaints prompted by a union survey found that 98% believed they had been guaranteed by Scottish Provident that the endowment would definitely repay their mortgage and provide a healthy excess.
The levy on the Self Regulatory Organisations, who will pass the costs on to their members, was set up by law as part of the investor protection framework under the Financial Services Act 1986.
 
 
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