Financial Conduct Authority (FCA)
Amana Financial Services UK Ltd is authorized and regulated by the Financial Conduct Authority (FCA) Registration Number 605070. The FCA is an independent regulatory body in the UK, formed as one of the successors to the Financial Services Authority (FSA). Two of the FCA’s key objectives are to secure an appropriate degree of protection for customers along with protecting and enhancing the integrity of the UK financial system.
Markets in Financial Instruments Directive (MiFID)
Markets in Financial Instruments Directive (MiFID) 2004/39/EC is a European legislation which came into effect in all countries in the European Economic Area (EEA) on November 1, 2007. MiFID was adopted in Cyprus through the Cyprus Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007). MiFID provides a harmonized regulatory environment for investment services and activities across 30 member states of the EEA (the 27 Member States of the European Union plus Iceland, Norway and Liechtenstein). The main objectives of the MiFID Directive are to enhance financial transparency, increase competition, and offer greater consumer protection in investment services.
Financial Services Compensation Scheme (FSCS)
Amana Financial Services UK Ltd is a member of the Financial Services Compensation Scheme (FSCS). The FSCS is the UK's statutory fund of last resort for customers of financial services firms. FSCS can pay compensation to consumers if a financial services firm is unable, or likely to be unable, to pay claims against it. The FSCS is an independent body, set up under the Financial Services and Markets Act 2000 (FSMA). The FSCS covers business conducted by firms authorized by the Financial Conduct Authority (FCA).