Financial Services Authority


Also found in: Dictionary, Acronyms, Wikipedia.

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 board, which soon changed its name to the Financial Services Authority, was a natural vehicle for the newly elected Labor regime, which had dramatically swept away the Conservative Party after 18 years in office.
The Financial Services Authority believes it is unfair that borrowers have no idea what the exit fee will be when they take out a mortgage, because lenders can alter them at will.
The Financial Services Authority, which was set up in 2001, is responsible for regulating the financial services industry in the UK.
The Penrose Report looked into what went wrong at the society going back to the 1950s, including when it was regulated by the Department of Trade and Industry, the Treasury, and Financial Services Authority.
The Financial Services Authority can be contacted on 0845 606 1234 or visit www.
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.
The Dubai Financial Services Authority (DFSA) has imposed a fine of $45,000 (Dh165,150) and a restriction on Hany Lotfy Awwad Abdelwahab for providing the DFSA with false, misleading or deceptive information, and for obstructing the DFSA by failing to comply with DFSA investigative notices.
Renaming itself as the Financial Services Authority (FSA), the Seychelles International Business Authority (SIBA), became the regulator for offshore non-bank financial services in the Seychelles, on March 1, 2014, under The Financial Services Authority Act 2013.
The Dubai Financial Services Authority (DFSA) announced that it had accepted an Enforceable Undertaking (EU) from United Investment Bank Limited (UIB), a Dubai International Financial Centre (DIFC) Authorised Firm.
Other central regulatory authorities of countries, including the Dubai Financial Services Authority, the China Banking Regulatory Commission, and the Financial Services Authority of the UK have also signed similar MoUs.
Summary: The Dubai Financial Services Authority (DFSA) licensed its 300th regulated firm in the Dubai International Financial Centre (DIFC) today.
3billion in compensation to 1,500,000 homeowners who were mis-sold endowment policies, according to the Financial Services Authority.

Full browser ?