= SIB

A regulatory body (now superseded by the Financial Services Authority) set up by the Financial Services Act 1986 to oversee London's financial markets (e.g. the stock exchange, life assurance, unit trusts). Each market had its own Self-Regulating Organization (SRO), which reported to the SIB. The prime function of the SIB was to protect investors from fraud and to ensure that the rules of conduct established by the government and the SROs were followed. Some City activities were outside its control; for example, takeovers were under the supervision of the Takeover Panel

See:

City Code on Takeovers and Mergers.

• London Underwriting Centre
• long-dated forward
• long-dated gilt
• long-funded
• long hedging
• long position
• longs
• long-term bond
• long-term contract
• long-term debt
• long-term equity anticipation securities
• long-term liability
• long-term prime rate
• long-term rate risk
• lookback option
• loss adjuster
• loss assessor
• loss-of-profits policy
• loss ratio
• loss reliefs
• lot
• loti
• lottery
• lower of cost or market
• lower rate of income tax