REGINA V SECURITIES AND INVESTMENTS BOARD AND ANOTHER EX PARTE INDEPENDENT FINANCIAL ADVISERS ASSOCIATION AND LIBM LTD Available to Purchase

The origins of this litigation lay in the over‐selling of personal pensions that took place after April 1988. On 25th October, 1994, the Securities and Investments Board (SIB) published a long‐awaited statement, which it described as ‘guidance’. This statement was adopted on 5th November, 1994, by the Insurance Brokers Registration Council (IBRC), a recognised self‐regulating organisation (SRO) for the purposes of the Financial Services Act 1986.