Citation

Chiu IHY. Legal Stud. 2008; 28(2): 254-280.

Copyright

(Copyright © 2008, Society of Legal Scholars, Publisher John Wiley and Sons)

DOI

10.1111/j.1748-121X.2008.00087.x

PMID

unavailable

Abstract

The landscape of legal duties imposed on financial investment intermediaries is characterised by the imposition of regulatory duties as well as duties arising under general law, in the realms of fiduciary duties and duties of care and skill. This article examines the relationship between public regulation and general private law in providing legal principles governing the conduct of financial investment intermediaries. This article also inquires into whether, in light of the Financial Services Authority's (FSA) desire to move into higher level ‘principles-based’ regulation of financial investment intermediaries, there may be a set of unifying principles that could govern financial investment intermediaries' relationships with their clients.