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 ?
The Financial Services Authority also took action recently against Intelligent Finance, because its terms and conditions stated that the bank reserved the right to increase charges for "valid reasons" without consulting customers.
The Financial Services Authority stipulates that Carnegie summon an extraordinary general meeting to evaluate the board's constituency and that the company's CEO must leave his position and imposes a fine of SEK 50 million on the company.
Prosecutors are working with the Financial Services Authority, which is conducting a civil investigation into whether the bank adequately disclosed fees it agreed to pay the Qatar Investment Authority as it looked to raise funds in 2008, reported Bloomberg.
The new agreement, which uses the same information sharing model developed by the Basel Committee on Banking Supervision, follows similar arrangements that the DFSA has made with other banking supervisors such as the UK's Financial Services Authority, Germany's Bundesanstalt fuer Finanzdienstlesitungsaufsicht, Banque de France, China Banking Regulatory Commission and the US Federal Reserve.
3billion in compensation to 1,500,000 homeowners who were mis-sold endowment policies, according to the Financial Services Authority.
regarding application to the Financial Services Authority and the London Stock
is a member of the London Stock Exchange and is authorized and regulated by the Financial Services Authority.
Summary: The Dubai Financial Services Authority, or DFSA, earlier this week has entered into a memorandum of understanding with Banque du Liban, or BDL, the Central Bank of Lebanon.
4 for year 2004, amending the powers granted to the Dubai Financial Services Authority.
China's banking regulator has approved the establishment of the country's first three consumer financing companies, which are scheduled to be started in Shanghai, Beijing and Chengdu, Dow Jones has reported citing the financial services authority in Shanghai.
Sagicor applied to the Financial Services Authority for 266,985,336 Sagicor Common Shares to be admitted to the Official List of the London Stock Exchange and to be traded on the market for listed securities of the LSE.
Summary: The Dubai Financial Services Authority, or DFSA, announced on Monday that Nikhil Das, a former private banker, will pay a penalty of Dh73,400 ($20,000) and be restricted, for a period of six years, from performing any functions in, or in connection with, the provision of a financial service in the Dubai International Financial Centre.

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