How are investment managers/stockbrokers regulated?

All APCIMS members are fully regulated by the appropriate authorities.

As of the 1st of December 2001, all UK APCIMS members are regulated by the Financial Services Authority (FSA). The FSA succeeds succeeds IMRO (the Investment Managers Regulatory Organisation) and the SFA (Securities and Futures Authority) as the regulatory body for private client stockbroking and investment management.

Non-UK APCIMS members are regulated by the relevant authorities in their own country.