Regulating Personal Investment

Abstract

This paper is concerned with the marketing of packaged retail financial products in the UK, viewed as part of a general regulatory mechanism applied to all investment business services. It considers the general principles which lie behind regulation as well as the particular provisions made in the Financial Services Act 1987. We discuss the problems associated with the operation of this structure of regulation and the reasons for concern which resulted in the Clucas Report (1992) and the subsequent revisions of the regulatory structure which saw the introduction of the Personal Investment Authority in July 1993. In the light of these findings it is difficult to believe that this will be the last of the changes.

Citation

Matatko, J. (1994), "Regulating Personal Investment", Journal of Financial Crime, Vol. 2 No. 1, pp. 24-36. https://doi.org/10.1108/eb025635