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CHAPTER 2

THE WEAPONS OF LAW

2.5Statutory Legislation Governing Investment Business Relating To Consumer Credit Transactions —— THE UNITED KINGDOM POSITION
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2.5.1

U.K. Financial Services Act 1986 — Latent Power

2.5.2

Securities and Investments Board — Financial Services Conduct of Business Rules

2.5.3

Safeguards for Investors —— LAUTRO and FIMBRA

2.5.4

Financial Services Authority —— Personal Investment Authority

2.5.5

Contravention of the Rules is directly actionable through a Court of Law

2.5.6

The U.K. Regulatory Regime

2.5.7

The Whitewash Road

2.5.8

The Appalling Vista