Securities commission - wikipedia Securities commission This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. ( June 2015 ) Part of a series on financial services Financial regulation Types of regulations Money Laundering Capital requirements Bank regulations Basel accords International Financial Reporting Standards Fund governance Reserve requirement Concepts Bank run accounting scandals Too big to fail Securities fraud Ponzi scheme Regulatory agencies Central banks Securities commissions List of financial regulatory authorities by country Financial Action Task Force on Money Laundering Bank for International Settlements World Bank Regulatory terms Fractional reserve banking Offshore banking Tax haven Money service business Global financial system Financial integration Systemically important financial institution Related topics Financial market ( participants ) Corporate finance Personal finance Public finance Banking List of banks A securities commission is a government department or agency responsible for financial regulation of securities products within a particular country. Its powers and responsibilities vary greatly from country to country, but generally cover the setting of rules as well as enforcing them for financial intermediaries and stock exchanges. Contents 1 History 2 Structure 2.1 Naming 2.2 Common features 2.3 International cooperation 3 Agencies 4 See also 5 References History As long as there have been securities there have been regulations. However, in the early days this consisted primarily of self - regulated groups or societies. External government regulation has primarily been driven by financial crises or scandals. As early as the 13th century the king Edward I of England decreed that brokers should be licensed after he was forced to go to local money brokers that give much less favorable terms then his Italian brokers after the start of the Anglo - French war. In 1720 the British Parliament passed the Bubble Act which had specific regulations for securities. However the motive of this act was more to support the ' South Sea bubble ' than protect consumers. However this was the first time that prospectuses and disclosure in the modern sense were used. There was widespread distrust of brokers as the scams collapsed. In the United States, although Massachusetts required the registration of railroad securities as early as 1852, and other states passed laws relating to securities in the late 19th and early 20th centuries, the real push for securities regulation came from the Midwestern and far western states. After common feeling that investors in these areas of the country were being victimized by capitalists in the east. However it was the failure of the Blue sky law and the 1930 financial crisis and Great Depression that led the United States government to pass legislation in 1934 to strengthen securities law and for the first time create a separate agency the Securities and Exchange Commission. In the early 1980s as many countries deregulated their financial markets, they created specific government agencies to police the securities markets and stock exchanges so as to separate regulation from operation of financial markets. Some countries like the UK, created one large agency that covered all financial products. However, some countries use a different model where there are separate agencies for different financial products. Typically, securities, banking and insurance are split, but there may also be separate agencies for futures, options and commodities. With the advent of derivatives and new financial products it has not always been easy to see who has jurisdiction and what their responsibilities are. A fact, that some unscrupulous financial companies have used to their advantage to skirt existing regulation. The Financial crisis of 2007 -- 2010 has seen much criticism of the securities regulators for failing to stop abuses of markets and their slowness in responding to the crisis and having suffered regulatory capture. Structure Most securities commissions are semi-independent government organisations that have a board of commissioners, usually appointed by the government of the country. They are often fully or partially funded by the organisations that are regulated through charges such as registration and licensing fees. Naming There is no common name for securities commission or financial regulatory agency in each country. Naming has become more complicated as some governments have consolidated or merged organisations and given them a wider remit. They sometimes contain the term securities and commission. Such as the Securities and Exchange Commission of the US or Securities and Futures Commission ( Hong Kong ). A number also have names based on Financial Authority, such as the Financial Services Authority of the UK or Financial Supervisory Authority ( Sweden ) or variations such as the Financial Services Agency ( Japan ). Common features Most securities commissions have a mandate to protect consumers, make sure there is an orderly and stable financial market and that brokers and participants behave fairly with clients and each other. Often local stock exchanges as well as brokers are covered by the commission. International cooperation Most financial regulators are members of the International Organization of Securities Commissions ( IOSCO ), an organisation that helps securities commissions cooperate. The main way that securities commission cooperate is through the IOSCO Memorandum of Understanding, or through bilateral agreements between securities commissions. Within the European Union there is the European Securities and Markets Authority ( ESMA ) which is advisory body for the European Commission which attempts to coordinate rules between EU securities commissions. Agencies Main article : List of financial regulatory authorities by country U.S. Securities and Exchange Commission ( SEC ), USA Financial Conduct Authority ( FCA ) and the Prudential Regulation Authority ( PRA ), UK Monetary Authority of Singapore ( MAS ), Singapore Financial Services Agency ( FSA ), Japan Federal Financial Supervisory Authority ( BaFin ), Germany Autorité des marchés financiers ( AMF ), France Commissione Nazionale per le Società e la Borsa ( CONSOB ), Italy China Securities Regulatory Commission ( CSRC ), People 's Republic of China Canada, is the only OECD country that does not have a national securities commission, instead relying on provincial agencies that cooperate via the Canadian Securities Administrators. Comissão de Valores Mobiliários ( CVM ), Brazil Suruhanjaya Sekuriti ( SC ), Malaysia Securities and Exchange Board of India ( SEBI ), India See also Financial regulation Central Bank Bank regulation List of financial regulatory authorities by country Securities market participants ( United States ) References Jump up ^ ( 1 ) Archived September 10, 2009, at the Wayback Machine. Retrieved from `` https://en.wikipedia.org/w/index.php?title=Securities_commission&oldid=791053097 '' Categories : Financial regulatory authorities Hidden categories : Webarchive template wayback links Articles needing additional references from June 2015 All articles needing additional references Talk Contents About Wikipedia Español Edit links This page was last edited on 17 July 2017, at 20 : 52. About Wikipedia

Question: what is the uk equivalent of the sec
Answer: Financial Services Authority