manxchatterbox Posted February 24, 2006 Share Posted February 24, 2006 forgot all about this but heard on Monday's MR lunchtime business news Pam Crowe being interviewed about a bond issue and its attractions etc...is what she said the giving of investment business advice (which is an FSC regulated activity)? link:- http://www.manxradio.com/Business/Mon/Midday.wma The definition of what activities constitute Investment Business is contained in the Investment Business Order 1991, and includes:- ""Giving investment advice in relation to a specific investment". ..as for "The Royal Bank of Ireland"...don't think our Irish cousins will be too happy about that name!!!! Link to comment Share on other sites More sharing options...
Gladys Posted February 24, 2006 Share Posted February 24, 2006 Wouldn't know, but would expect that they would have cleared their bases before going public. Perhaps they have got the requisite licence, or perhaps they are exempted from the provisions! Who knows, but if you think about it, the UK post office has been advertising investments for years (the latest campaign where Alan Sugar is going to donate his fee to Bob Harrison's holiday fund!). Nothing new here, I suspect! Link to comment Share on other sites More sharing options...
haX0red_Account Posted February 24, 2006 Share Posted February 24, 2006 afaik, the post (at least over the water) is National Savings, therefore exempt from the UK FSMA 2000. BoI are really providing the structuring expertise and nobody's getting advice to buy it..unless they go to an IFA which is unlikely because they don't provide much commission! Link to comment Share on other sites More sharing options...
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