TY  - JOUR
AB  - In many ways 1991 was a record year for the self‐regulatory regime set up under the Financial Services Act 1986 (FSA). Not only did the Investment Compensation Scheme pay out a record sum to investors, but the various self‐regulating organisations (SROs) levied fines and awarded costs at unprecedented levels. This paper looks at the disciplining record of two of the four SROs: the Investment Management Regulatory Organisation (IMRO) and the Securities and Futures Authority (SFA). The Life Assurance and Unit Trust Regulatory Organisation (LAUTRO) took on board the ability to levy fines in December 1991 and in many ways is not a good comparison. The disciplinary record of the Financial Intermediaries, Managers and Brokers Regulatory Association (FIMBRA) revolves around the suspension and release from suspension of member firms, and, again provides little scope for constructive comment.
VL  - 1
IS  - 2
SN  - 1358-1988
DO  - 10.1108/eb024768
UR  - https://doi.org/10.1108/eb024768
AU  - ADAMS GARETH
PY  - 1992
Y1  - 1992/01/01
TI  - TOWARDS A POLICY ON FINES AND DISCIPLINE: THE DISCIPLINING RECORD OF IMRO AND THE SFA
T2  - Journal of Financial Regulation and Compliance
PB  - MCB UP Ltd
SP  - 200
EP  - 204
Y2  - 2024/04/19
ER  -