Reverse inquiry: Difference between revisions

Reverse inquiry (view source)

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-To cross-border boxwallahs, a topic to be approached with great caution and much antipicatory licking of the lips. It's all about perimeter regulation — a topic which will bore many people to tears, but provides a luxuriant lifestyle to the kind of attorney who can break through that outer crust of stale, doughy tedium and into the delicious, weed-strewn details<ref>If you are the sort of person that likes rocket on your salad, step this way.</ref>.
+To the unsuspecting, a topic to be approached with great caution but to [[Mediocre lawyer|cross-border boxwallahs]] with much antipicatory licking of the lips. It’s all about one’s [[regulatory perimeter]] — a topic which will bore many people to tears, but provides a luxuriant lifestyle to the kind of attorney (aka a bross-border boxwallah) who can break through that outer crust of stale, doughy tedium and into the delicious, weed-strewn details of [[cross-border regulation]]<ref>If you are the sort of person that likes rocket or even dandelion on your salad, step this way.</ref>.
-the internet makes it all so much harder. If I set myself up in, say the United Kingdom, subject to and [[all watched over by the machines of loving grace]]<ref>}{{Google|https://en.wikipedia.org/wiki/All_Watched_Over_by_Machines_of_Loving_Grace_(poetry_collection)}}.</ref> of the [[Financial Conduct Authority]], then who am I to withhold my services to some foreigner who comes to me and asks for them?
+Now if a fellow sets herself up to provide regulated financial services in, oooh, I don’t know, say the {{tag|United Kingdom,}} subject to and [[all watched over by the machines of loving grace]]<ref>{{Google|https://en.wikipedia.org/wiki/All_Watched_Over_by_Machines_of_Loving_Grace_(poetry_collection)}}.</ref> of the [[Financial Conduct Authority]], then musst she withhold her services from someone who [[reach out|reaches out]] from foreign shores to ask for them? Must she worry about the financial services regulations of that far-away place?
+The answer question depends on the [[regulatory perimeter|regulatory “perimeter”]] of that foreign jurisdiction. Normally, it will coincide with the physical borders of the country: as long as our fellow doesn’t provide her serrvices ''in'' that jurisdiction she will not be subject to its laws and regulations.
+These days, the mod cons - telephony, the world-wide internet  - makes it all so much harder. What if our fellow stays in England and the client stays in its jurisdiction? Where then is the business conducted?
+{{ref}}