Securities and Investment Board

A Dictionary of Finance and Banking,  January, 1997  

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Securities and Investment Board (SIB) A regulatory body set up by the Financial Services Act 1986 to oversee London's financial markets (e.g. the stock exchange, life assurance, unit trusts). Each market has its own Self-Regulating Organization (SRO), which reports to the SIB. The prime function of the SIB is to protect investors from fraud and to ensure that the rules of conduct established by the government and the SROs are followed.

However, as the structure of City institutions and their regulation is not fixed for all time, the role of the SIB has to be capable of adapting to ...

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