The Investment Services Regulations 1995
The Regulations give effect to provisions of Council Directive 93/22/EEC on investment services in the securities field (OJ No. L141, 10.5.93, p.27) (“the Investment Services Directive”). They also give effect to provisions of Council Directive 93/6/EEC on the capital adequacy of investment firms and credit institutions (OJ No. L141, 15.3.93, p.1). Most of the Regulations come into force on 1st January 1996. Two of them (one relating to the position of appointed representatives under the Financial Services Act 1986 and the other relating to the position of recognised professional bodies under that Act) come into force of 1st January 1997.