Regulated investment advice

By Tolley
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The following Personal Tax guidance note by Tolley provides comprehensive and up to date tax information covering:

  • Regulated investment advice
  • Summary

Summary

Advice that you give to your client may fall under the category of regulated investment advice, in which case you must not give advice unless you are suitably qualified and authorised to do so.

On 19 December 2012 the Financial Services Act 2012 (subscription sensitive) received Royal Assent and it came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority.

Specifically, FSA 2012 (subscription sensitive) gave the Bank of England responsibility for financial stability, bringing together macro and micro prudential regulation, created a new regulatory structure consisting of the Bank of England’s Financial Policy Committee, the Prudential Regulatio

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