business avce task 6
Task 6 Both personal and business customers need to be protected in the financial services industry because if the company who provides the services for these customers goes into liquidation, the customers will be protected by regulation and they will not lose any of their money. ... An example of a regulating body who will look after both personal and business customers as the F. ... Where serious problems arise they investigate and, if appropriate, discipline or prosecute those responsible for financial business outside the rules. ... Also for example, the Chartered Association of Certified Accountants (CACA) has, as a fundamental principle, that: ‘members should behave with integrity in all professional business and personal relationships. ... Any business offering financial services must recognise by the Self-Regulating Organisation (SRO). ... Every SRO will be nominated by a business to be their regulator and in turn any organisation offering financial advice must take responsibility for its own operations, so that it will now provide a fair and honest service to the customer.