Chapter 1 - Regulated Activites and Products Flashcards
1
Q
What 4 groups can regulated activities in the UK be split into?
A
- Banking activities
- Investment activities
- Insurance activities
- Home finance activities
2
Q
What are banking activities?
A
Accepting deposits and issuing e-money
3
Q
How might two regulators in different jurisdictions establish cooperation?
A
Memorandum of Understanding
4
Q
What might a MoU contain?
A
- Define which regulator would take the lead role in an investigation
- The support that each regulator can provide to each other
- How data exchanged between the two regulators is protected and used.
