Securities and Futures Authority


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Securities and Futures Authority (SFA)

see FINANCIAL SERVICES ACT, 1986.

Securities and Futures Authority (SFA)

the former body that was responsible for regulating firms dealing in financial security and futures options, formed in 1991 through the merger of the Securities Association and the Association of Futures Brokers and Dealers. See SELF-REGULATORY ORGANIZATION. Securities and Investments Board the former UK body set up in 1986 to oversee the functioning of the STOCK EXCHANGE and FUTURES MARKET, and the activities of UNIT TRUSTS, INSURANCE broking and financial advisers. See FINANCIAL SERVICES ACT 1986.
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