Regulation in the connected world

Reports on e‐business and its boom in the financial sector and the criteria required to meet rules laid down by the Financial Services Authority (FSA). Presents FSA requirements as follows, regarding “operating” in the UK: targeting UK residents; head office/egistered office located in the UK; head office/registered office located overseas but targeting UK residents (with various exceptions); computer systems physically based in the UK. Closes by saying the e‐business market for financial services is likely to expand in the years to come – but the FSA must be consulted before final plans are made.