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| Self Regulatory Organisation |
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| The organisations established under the Financial Services Act 1986 to deal with the day-to-day practicalities of authorising investment firms and monitoring their compliance with the regulatory requirements. The 1986 Actwas replaced by The Financial Services and Markets Act 2000 which introduced a new regulatory structure under the Financial Services Authority. |
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| Self-Invested Personal Pension |
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| This is a pension fund which is actively managed to the requirements of the pension holder. A SIPP can be used by both the self-employed and the employed (who are not members of an occupational scheme) to accumulate a tax-efficient investment portfolio which can provide a lump sum and future income on retirement. |
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| Sell Out |
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| Liquidation of a margin account after a customer has failed to bring an account to a required level by producing additional equity after a margin call.
The selling of securities by a broker when a customer fails to pay for them.
The complete sale of all securities in a new issue. |
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| Sell Side |
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| The retail brokers and research departments that sell securities and make recommendations for the brokerage firm's customers. |
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| Seller's Market |
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| Market in which demand exceeds supply. As a result, the seller can dictate the price and the terms of sale. |
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