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FSRE 1 · Legislation for UK Finance
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Legislation for UK Finance

What each key piece of legislation introduced, why the FSA was split, and what FSMA 2023 added.

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Legislation for UK Finance

A series of Acts of Parliament have shaped how financial services are regulated in the UK. CeMAP expects candidates to know the key Acts and their significance.

Question 3

True or false?

A series of Acts of Parliament have shaped how financial services are regulated in the UK

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What the exam tests

What each key piece of legislation introduced, why the FSA was split, and what FSMA 2023 added.

Question 5

True or false?

What each key piece of legislation introduced, why the FSA was split, and what FSMA 2023 added

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Additional notes

Question 7

Which term matches: "Created the FSA as single regulator; defined regulated activities; framework for authorisation; introduced list of regulated activities"

Question 8

What does "Financial Services Act 2012" mean?

Question 9

Match each term in "Additional notes" to its meaning

Tap a term, then tap its matching definition.

Question 10

Fill in the blank

______ — Incorporated EU law into UK domestic law ("onshoring"); maintained regulatory standards post-Brexit