UK: Watchdog Considers The Internet

The Securities and Futures Authority (SFA), the financial watchdog in the UK, has issued guidelines on the use of the Internet by its regulated securities firms. This follows the development by many of those 1,359 firms of their own websites and the offering of electronic services for dealing and investment advice. While the SFA said that no specific new rules were at present required to cover the Internet, it reiterated that Internet advertising comes under the jurisdiction of SFA rules and must comply with them.