Regulatory Bodies and Professional Associations
The Financial Services Authority - FSA
The FSA is an independent body responsible for regulating the financial services industry in the UK, including Killik & Co. Funded wholly by the industry it regulates, the FSA is a company limited by guarantee and is accountable to the UK Parliament. Its key aims are: to maintain market confidence; to promote public understanding of the financial system; to help consumers get a fair deal and to reduce financial crime. It began life in 1985 as The Securities and Investments Board Ltd. In 1997 it changed name to the FSA and was later given statutory powers by the Financial Services and Market Act of 2000. As well as regulating banks, insurance companies and financial advisers, the FSA now also regulates the UK mortgage industry and general insurance intermediaries.
Benefits
- The FSA aims to ensure an efficient, effective market through a principles-based approach to regulation. Killik & Co fully supports these aims.
- The Treating Customers Fairly (TCF) programme is central to delivering a better deal to consumers throughout the financial services industry.
- Additional consumer protection is provided through the Financial Services Compensation Scheme (FSCS) and the Financial Ombudsman Service (FOS).
The London Stock Exchange - LSE
One of the world’s leading equity markets, the LSE is also one of the oldest, with a history stretching back more than 300 years to the coffee houses of 17th century London. Today, the LSE is the first choice of equity market liquidity, benchmarks process and market data in the European time zone and plays a key role in global financial markets. Every day in the UK alone, more than 500,000m trades are executed on the LSE’s markets – totalling an average of £16 billion by value*. Around 3,000 companies are currently listed on the LSE and more than 300 firms around the world trade as members. As well as being active in equity markets and trading services, the LSE also provides market information and has more recently diversified into the international derivatives market via its EDX London business. In 2007 the LSE merged with Borsa Italiana to create Europe's leading diversified exchange group.
(*Source: www.londonstockexchange.com)
Benefits
- As a member of the LSE Killik & Co has privileged access to high quality, real-time market data information which enables our experts to give timely, accurate advice to our clients.
- We also have direct access to the world’s largest pool of international investment capital.
- Being a member of the LSE also ensures Killik & Co is connected to technology and systems that ensure regulatory compliance and provide for the secure transmission of trade and settlement data.
The Securities and Investment Institute - SII
The SII is the UK’s leading and most progressive examining, training and membership body for the securities and investment industry with more than 30,000 members. Originally known as the Securities Institute when it was formed in 1992 by the members of the London Stock Exchange, it became the SII in 2004. The SII provides a range of vocational qualifications, attracting more than 37,000 candidates every year and runs many well-attended conferences and seminars.
Benefits
- As one of an exclusive group of Corporate Members of the SII, Killik & Co is able to provide tangible evidence that it meets high standards of quality.
- We support the SII’s qualifications and continuing professional development programme. Ensuring our people are fully competent for their work is a priority.
- We also support the SII’s code of conduct and commitment to integrity. Throughout Killik & Co, we expect the highest standards of conduct from all staff as we go about our business.