A.4 Financial services regulations and requirements Flashcards

A standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia, and five U.S. territories.

Provides deposit insurance to depositors in U.S. commercial banks and savings institutions.

Regulates and supervises all national banks and federal savings associations as well as federal branches and agencies of foreign banks.

Model legislation for the regulation of securities markets at the state level, intended to coordinate state securities law with federal law.

Expanded the scope of AML regulations to prevent, detect, and prosecute international money laundering and the financing of terrorism.

Requires financial institutions to explain their information-sharing practices to their customers and to safeguard sensitive data.

A standard in the investment industry that ensures investment advisors know detailed information about their clients’ risk tolerance, investment knowledge, and financial position.

A set of procedures, laws, and regulations designed to stop the practice of generating income through illegal actions.

Part of the Dodd-Frank Act, it restricts United States banks from making certain kinds of speculative investments that do not benefit their customers.

Requires broker-dealers to act in the best interest of their retail customers when making a recommendation of any securities transaction or investment strategy.

Provides an exemption from the registration requirements for securities offerings made outside the United States by U.S. and foreign issuers.

Provides exemptions from the registration requirements of the Securities Act of 1933, allowing companies to raise capital through the sale of securities without having to register them with the SEC.

Created under the Dodd-Frank Act to regulate the offering and provision of consumer financial products and services.

A self-regulatory organization that oversees brokerage firms and exchange markets to ensure fair and honest industry practices.

Enacted to enhance corporate responsibility, financial disclosures, and combat corporate and accounting fraud.