The new framework for investor protection: CMND 9432

Paul Draper

Research output: Contribution to journalArticle

Abstract

Worried by the prospect of as yet undiscovered frauds and the siphoning off of millions from the pockets of the public to those of some crooked tycoon, the Government has in its recent White Paper (Cmnd 9432) introduced new proposals for the regulation of investment business. The new proposals are designed to provide the public with additional safeguards that prevent fraud malpractice. To this end, a statutory framework is proposed within which two self-regulatory bodies function with the aim of encouraging "the commitment of individuals in the financial services industry to high standards". The Securities and Investment Board is responsible for the regulation of
securities and investments, and the Marketing of Investments Board for the regulation of marketing of pre-packaged investments.
LanguageEnglish
Pages64-67
Number of pages4
JournalQuarterly Economic Commentary
Volume10
Issue number3
Publication statusPublished - Feb 1985

Fingerprint

Investor protection
Marketing
Business investment
Fraud
Safeguards
Government
Malpractice
Financial services industry

Keywords

  • investor protection
  • CMND 9432
  • financial legislation
  • company securities
  • unit trusts
  • life assurance

Cite this

Draper, Paul. / The new framework for investor protection : CMND 9432. In: Quarterly Economic Commentary. 1985 ; Vol. 10, No. 3. pp. 64-67.
@article{a2ba40a064f34e788c779e6a965f5232,
title = "The new framework for investor protection: CMND 9432",
abstract = "Worried by the prospect of as yet undiscovered frauds and the siphoning off of millions from the pockets of the public to those of some crooked tycoon, the Government has in its recent White Paper (Cmnd 9432) introduced new proposals for the regulation of investment business. The new proposals are designed to provide the public with additional safeguards that prevent fraud malpractice. To this end, a statutory framework is proposed within which two self-regulatory bodies function with the aim of encouraging {"}the commitment of individuals in the financial services industry to high standards{"}. The Securities and Investment Board is responsible for the regulation ofsecurities and investments, and the Marketing of Investments Board for the regulation of marketing of pre-packaged investments.",
keywords = "investor protection, CMND 9432, financial legislation, company securities, unit trusts, life assurance",
author = "Paul Draper",
year = "1985",
month = "2",
language = "English",
volume = "10",
pages = "64--67",
journal = "Fraser of Allander Economic Commentary",
issn = "2046-5378",
publisher = "University of Strathclyde",
number = "3",

}

The new framework for investor protection : CMND 9432. / Draper, Paul.

In: Quarterly Economic Commentary, Vol. 10, No. 3, 02.1985, p. 64-67.

Research output: Contribution to journalArticle

TY - JOUR

T1 - The new framework for investor protection

T2 - Fraser of Allander Economic Commentary

AU - Draper, Paul

PY - 1985/2

Y1 - 1985/2

N2 - Worried by the prospect of as yet undiscovered frauds and the siphoning off of millions from the pockets of the public to those of some crooked tycoon, the Government has in its recent White Paper (Cmnd 9432) introduced new proposals for the regulation of investment business. The new proposals are designed to provide the public with additional safeguards that prevent fraud malpractice. To this end, a statutory framework is proposed within which two self-regulatory bodies function with the aim of encouraging "the commitment of individuals in the financial services industry to high standards". The Securities and Investment Board is responsible for the regulation ofsecurities and investments, and the Marketing of Investments Board for the regulation of marketing of pre-packaged investments.

AB - Worried by the prospect of as yet undiscovered frauds and the siphoning off of millions from the pockets of the public to those of some crooked tycoon, the Government has in its recent White Paper (Cmnd 9432) introduced new proposals for the regulation of investment business. The new proposals are designed to provide the public with additional safeguards that prevent fraud malpractice. To this end, a statutory framework is proposed within which two self-regulatory bodies function with the aim of encouraging "the commitment of individuals in the financial services industry to high standards". The Securities and Investment Board is responsible for the regulation ofsecurities and investments, and the Marketing of Investments Board for the regulation of marketing of pre-packaged investments.

KW - investor protection

KW - CMND 9432

KW - financial legislation

KW - company securities

KW - unit trusts

KW - life assurance

UR - http://www.strath.ac.uk/frasercommentary/

UR - http://www.strath.ac.uk/fraser/

M3 - Article

VL - 10

SP - 64

EP - 67

JO - Fraser of Allander Economic Commentary

JF - Fraser of Allander Economic Commentary

SN - 2046-5378

IS - 3

ER -