The financial market in the UK is common law driven like the US, and great importance is given to laws from both local and federal courts. These laws have created a general framework for the UK financial systems; however, laws designed by the EU Banking and Financial Services Act are also available. This means that there is a great variety of legal solutions/typologies for equity investors. In the UK social and political attention is given to the “equity gap.”
7 See MacMillan Committee, Report of the Committee in Finance and Industry, London, 1931.
These laws are considered crucial for equity investment development in the UK: