Presents and gives guidance on rules made under FSMA. Each of five blocks contains sections dealing with all aspects of financial services authorisation, compliance and enforcement, market structure, operation and oversight by the FSA. Block 1 sets out High Level Standards, applicable to firms and approved persons. Block 2 covers Business Standards applicable to firms. Block 3 covers Regulatory Processes, i.e. authorisation; supervision; enforcement; and decision-making. Block 4 deals with redress, i.e. particularly, compensation for investors, depositors and policyholders. Block 5 covers Specialist Sourcebooks, containing specialist information on areas such as: insurance; collective investment schemes; recognised exchange and clearing houses.