Financial Services Authority

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Financial Services Authority

The primary regulatory body for the British financial industry. It is a non-government agency, though its board of directors is appointed by HM Treasury. It is charged with maintaining efficiency and competition in banking, insurance and the securities trade. It also is responsible for protecting consumers insofar as possible. It was established in 2001.

Financial Services Authority (FSA)

a body which is responsible for regulating all aspects of the provision of financial securities and investment under the FINANCIAL SERVICES ACT, 1986 (as amended by the Financial Services and Markets Act, 2000). Previously this task was split between various other organizations, including the Securities and Futures Authority, Personal Investment Authority and the Investment Management Regulatory Organization.

Financial Services Authority (FSA)

a body that is responsible for regulating all aspects of the provision of financial securities and investment under the FINANCIAL SERVICES ACT 1986 (as amended by the Financial Services and Markets Act 2000). Previously this task was split between various other organizations, including the Securities and Futures Authority, Personal Investment Authority and the Investment Management Regulatory Organization. See SELF-REGULATORY ORGANIZATION.
References in periodicals archive ?
Situation 3: The facts are the same as in Situation 1, except that A is not covered by a health FSA.
CPAs will find the terminology the IRS uses in FSA 200147053 to be confusing.
Eurologic's FSA is designed for non-disruptive scalability, enabling users to expand and upgrade their storage system - without system downtime -- as their storage demand grows.
The money deposited in a health care FSA may be used to pay any health care expense that qualifies as a medical deduction under IRS income tax rules.
The work FSA has done to develop the Hard IP Quality Risk Assessment Tool directly addresses these key issues.
In applying the cases, the FSA noted that the guarantee fees were paid "for the financial performance of Taxpayer, not for the initial negotiation of Taxpayer's borrowings," even though the guarantee agreement provided for such initial negotiation.
Its primary product, the Benny[TM] Prepaid Benefits Card, applies advanced payment and auto-substantiation technologies to FSAs, HSAs, and HRAs.
The FSA also concluded that the bond's maturity date was the remarketing date; thus, the taxpayer should amortize the bond-issuance premium under Regs.
The FSA directly conflicts with long-standing industry treatment of bailout payments by investment advisers, which, depending on the facts and circumstances, have generally treated such payments as currently deductible.
FSA has been the voice of the global fabless business model, including fabless companies and their supply chain and service partners globally.
The decision on whether to request an FSA or TA by IRS field personnel generally depends on whether the requester is seeking a final determination as to the Service's position on a particular issue or is merely attempting to obtain assistance in developing a case to make his own determination.