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 ?
Not only were the Financial Ombudsman Service impressed with the location, right next to the station with a regular and fast service to London, they also see real potential for their business be based here and we were able to beat off other areas in an open process.
If the payday loan company fails to resolve your complaint, you can take it to the Financial Ombudsman service eight weeks after first raising the issue.
The financial ombudsman service has a video giving further tips on how to avoid money problems this Christmas at Tiny.
Marking its fifteenth anniversary with the publication of its annual review for 2014/2015, the Financial Ombudsman Service said it was set up by parliament to sort out individual complaints that consumers and financial businesses aren't able to resolve themselves.
51 Call into Choice shop deals, prices at time of Rates correct at But the Financial Ombudsman Service ruled eight years ago firms shouldn't exclude such health problems.
If somebody feels a bank or building society has not gone about considering a mortgage application in the right way, they should make a formal complaint to the Financial Ombudsman Service, not the FSA.
It will be interesting to see how the Financial Ombudsman Service report goes down in the city and indeed whether it does officially sound the death knell for PPI.
However, the Consumers' Association and the Financial Ombudsman Service last night said people can still claim compensation under finance industry rules.
Insurance Law and the Financial Ombudsman Service - The Rules, Procedure and Approach
The Financial Ombudsman Service, tasked with resolving disputes, say PPI is still their biggest area of complaint, representing half their near-341,000 workload of cases in the last financial year.
The Financial Ombudsman Service, tasked with resolving disputes, says PPI is still its biggest area of complaint, representing half its near 341,000 workload of cases in the last financial year.
The Financial Ombudsman Service (FOS) still says more than half its complaints about the banking sector are related to PPI issues.

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