questionText: To ask the Chancellor of the Exchequer, what powers the Financial Conduct Authority has to regulate sports spread bets; and whether those powers have changed since the implementation of the Financial Services and Markets Act 2000.
answerText: Under the Financial Services and Markets Act (FSMA) 2000, HM Treasury is responsible for determining the perimeter of financial services regulation, with the approval of Parliament. This is chiefly achieved by specifying the financial services activities ...
heading: Betting: Regulation