QFA Regulation

Question 1

Explain the concept of structural regulation in financial services.

Answer 1

Structural regulation in financial services covers the initial authorization process for firms, ensuring that only those with sufficient financial standing, integrity, competence, and experience can set up as financial services firms.

Question 2

How does the EU Single Market financial system impact structural regulation?
Under

Answer 2

Under the EU Single Market financial system, structural regulation is the responsibility of the firm’s home Member State, allowing authorized firms to conduct equivalent business in other EU Member States

Answer 3

functions of the Competition and Consumer Protection Commission in relation to financial services.
The main functions of the Competition and Consumer Protection Commission in relation to financial services are enforcing competition and consumer protection law in the provision of financial services to consumers