GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
---|---|---|---|---|---|---|
|
12:31 Nov 13, 2003 |
Greek to English translations [PRO] Bus/Financial | ||||
---|---|---|---|---|
|
| |||
| Selected response from: Vicky Papaprodromou Greece Local time: 13:12 | |||
Grading comment
|
Summary of answers provided | ||||
---|---|---|---|---|
4 +5 | introducer of financing investment business/plans |
| ||
5 +1 | Financial advisor |
| ||
5 | sponsor |
| ||
3 | financing adviser |
|
financing adviser Explanation: financing adviser or introducer I'm not quite sure, a suggestion... |
| |
Login to enter a peer comment (or grade) |
εισηγητής χρηματοδοτήσεων sponsor Explanation: Το sponsor εκτός από χορηγός είναι και εισηγητής αλλά είναι και χρηματοδότης. Οπότε αν δεν είναι financing sponsor μάλλο θα είναι σκέτο sponsor |
| |
Login to enter a peer comment (or grade) |
εισηγητής χρηματο introducer of financing investment business/plans Explanation: New Guidance to the System of Investment Business Regulation under The Financial Services & Markets Act 2000 1. The Financial Services & Markets Act 2000 The Financial Services & Markets Act 2000 (FSMA) came into force on 1st December 2001 and radically altered the regulatory system for investment business in the United Kingdom. There are four principal options open to firms of Scottish solicitors who wish to conduct some form of investment business and these are:- (1) Authorisation from the Financial Services Authority (FSA) to conduct mainstream investment business. (2) A Licence from the Society to undertake incidental investment business (IIB). (3) To act as an introducer of investment business to an independent financial adviser (IFA). (4) None of the above. Not all of the above four options are mutually exclusive as a firm which is licenced for IIB can also make introductions to an IFA. This Guidance Note seeks to update the guidance issued to the profession on the incidental investment business rules in the Autumn of 2001 and each of the above four options are considered in turn. 2. Authorisation by the Financial Services Authority A firm which wishes to give advice and make recommendations on individual investment products and individual investment companies requires to be authorised by the FSA. The FSA has its own detailed rule book for investment business as well as its own application system for a firm which seeks authorisation. Details of the FSA’s procedures are available on its website whose address is www.fsa.gov.uk A firm which is authorised by the FSA will be governed by the FSA’s rules on incidental investment business when such business is conducted through the FSA authorisation. Reference: http://www.lawscot.org.uk/pdfs/NewIIBguidance_july2003.pdf |
| |