UK Statutory Instrument SI 2004/2738 United Kingdom

The Financial Services and Markets Act 2000 (Stakeholder Products) Regulations 2004

Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Any Person2 Employer1

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Any Person — also bound by 2340 other Acts
Employer — also bound by 682 other Acts

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.007 Characteristics and conditions applicable to certain stakeholder products Regulated
  • Ensure stakeholder investment schemes meet balance, diversification and pricing rulesAny Person
s.008 Additional conditions applicable to smoothed linked long-term contracts Regulated
  • Inform investors, manage smoothing fund, and restrict paymentsEmployer
s.009 Permitted reductions in investor’s rights and investment property Regulated
  • Adhere to limits on reducing investor rights and property in stakeholder productsAny Person
6 other provisions — procedural and definitional
s.001 Citation and commencement
s.002 Interpretation
s.003 Meaning of stakeholder product
s.004 Certain deposit accounts
s.005 Units in certain collective investment schemes
s.006 Rights under certain linked long-term contracts

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.