What legislation governs the regulation of the financial services industry?

In Delaware, there are several pieces of legislation designed to regulate the financial services industry. The Delaware Banking and Securities Commission (DBSC) is responsible for overseeing the companies that engage in the financial services industry within the state. These companies must register with the DBSC and abide by the regulations established by the commission. The DBSC has established the Delaware Banking Code and the Delaware Investment Services Code to ensure all companies providing financial services are operating ethically and responsibly. These codes detail the responsibilities of those providing financial services, as well as the obligations of those receiving them. In addition, the DBSC regulates securities offerings in the state, as well as the companies and individuals involved in those transactions. The DBSC requires companies conducting securities transactions to register with it and be compliant with the state’s regulations. Finally, the DBSC oversees the operations of multi-state and international banks. These banks must file with the DBSC to receive permission to conduct business within Delaware’s borders. The DBSC also provides oversight to insure that the banks comply with all applicable laws and regulations while conducting their activities. In summary, Delaware has established the DBSC to regulate the financial services industry and ensure that companies are upholding their ethical and responsible responsibilities. The DBSC sets forth the Delaware Banking Code and the Delaware Investment Services Code, as well as regulates securities transactions and multi-state and international banks operating within the state.

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What legislation governs the regulation of the financial services industry?

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