Financial Services Act 1986
| Act of Parliament | |
| Long title | An Act to regulate the carrying on of investment business; to make related provision with respect to insurance business and business carried on by friendly societies; to make new provision with respect to the official listing of securities, offers of unlisted securities, takeover offers and insider dealing; to make provision as to the disclosure of information obtained under enactments relating to fair trading, banking, companies and insurance; to make provision for securing reciprocity with other countries in respect of facilities for the provision of financial services; and for connected purposes. |
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| Citation | 1986 c. 60 |
| Territorial extent |
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| Dates | |
| Royal assent | 7 November 1986 |
| Repealed | 1 December 2001 |
| Other legislation | |
| Repealed by | |
Status: Repealed | |
| Text of statute as originally enacted | |
The Financial Services Act 1986 (c. 60) was an Act of the Parliament of the United Kingdom passed by the government of Margaret Thatcher to regulate the financial services industry. The Act used a mixture of governmental regulation and self-regulation, and created a Securities and Investments Board (SIB) presiding over various new self-regulating organisations (SROs). It was superseded by the Financial Services and Markets Act 2000.