Financial Services Authority - FSA

Regulating body for all providers of financial services in the United Kingdom. The Financial Services Authority (FSA) is an independent, non-governmental entity that receives its statutory powers through the Financial Services and Markets Act of 2000. The company is funded entirely by firms that it regulates within the financial services industry, and is accountable to Treasury Ministers and Parliament. The statutory objectives of the Financial Services Authority are to ensure market confidence, financial stability, consumer protection and the reduction of financial crime.

The Financial Services Authority is governed by a Board that is appointed by the U.K.’s Treasury. The majority of Board members are non-executive. In addition to the Board, FSA’s management structure includes a Chief Executive Officer (CEO), a Chief Operating Officer (COO) and two managing directors. In 1997, the decision to merge banking supervision and investment services regulation into the Securities and Investments Board (SIB) was made. The SIB changed its name later that year to the Financial Services Authority (FSA). The FSA has the responsibilities of several organizations including the Personal Investment Authority (PIA), the Securities and Futures Authority (SFA), and mortgage regulation.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Financial Services Authority — …   Википедия

  • Central Bank and Financial Services Authority of Ireland — Infobox Central bank bank name in local = Banc Ceannais agus Údarás Seirbhísí Airgeadais na hÉireann ga icon image 1 = CBFSAI IRELAND.png image title 1 = Logo image width 1 = 249 image 2 = image title 2 = headquarters =Dublin, Ireland president …   Wikipedia

  • Central Bank And Financial Services Authority Of Ireland — Banque d Irlande (en) Central Bank and Financial Services Authority of Ireland (ga) Banc Ceannais agus Údarás Seirbhísí Airgeadais na hÉireann …   Wikipédia en Français

  • Central Bank and Financial Services Authority of Ireland — Irische Zentralbank Central Bank and Financial Services Authority of Ireland Hauptsitz …   Deutsch Wikipedia

  • Central Bank and Financial Services Authority of Ireland — Banque d Irlande (en) Central Bank and Financial Services Authority of Ireland (ga) Banc Ceannais agus Údarás Seirbhísí Airgeadais na hÉireann …   Wikipédia en Français

  • financial services regulator — UK US noun [C] FINANCE, GOVERNMENT ► an official organization that makes rules about the activities of companies providing financial services and checks that the rules are being obeyed: »There is a case for a central financial services regulator… …   Financial and business terms

  • Financial services in the Republic of Ireland — refers to the services provided by the finance industry: banks, investment banks, insurance companies, credit card companies, consumer finance companies, government sponsored enterprises, and stock brokerages.The market for the provision of… …   Wikipedia

  • Financial Services and Markets Act 2000 — (FSMA) The key statute that regulates the financial services industry in the UK. For further information, see the Financial Services Authority website. Related links FSMA overview …   Law dictionary

  • Financial Services and Markets Act — Fiˌnancial ˌServices and ˈMarkets ˌAct noun LAW in Britain, a law passed in 2000 stating the legal powers of the Financial Services Authority …   Financial and business terms

  • Financial Services Act 1986 — Principal UK legislation relating to the regulation of the financial services industry. Dresdner Kleinwort Wasserstein financial glossary The Financial Services Act 1986 has established regulations for firms in the investment service industry,… …   Financial and business terms

  • Financial Services and Markets Act (2000) — Legislation, implemented in November 2001, establishing a regulatory framework for UK banking, insurance, and investment. Under the terms of the Act, the Financial Services Authority became the key regulator, taking over functions from the Bank… …   Accounting dictionary


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.