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Home > QFINANCE Dictionary > Definition of FSA

Definition of

FSA

Regulation & Compliance abbr

UK organization overseeing financial system Financial Services Authority: in the United Kingdom, an independent non-governmental organization formed in 1997 following reforms in the regulation of financial services. Banking and investment services supervision was merged into the remit of the previous regulator, the Securities and Investments Board (SIB), which then changed its name to become the Financial Services Authority. The FSA's four statutory objectives were specified by the Financial Services and Markets Act 2000: maintaining market confidence; increasing public knowledge of the finance system; ensuring appropriate protection for consumers; and reducing financial crime.

FSA - Related Articles

  • United Kingdom: Regulatory Structure and Powers

    Checklists

    All financial services and markets within the jurisdiction of the United Kingdom are regulated by the Financial Services Authority (FSA), an independent, nongovernmental, quasi-judicial body. In its role as the competent authority for the listing of stocks on a stock exchange, it is known as the UK Listing Authority (UKLA), and maintains the Official List of securities traded on UK regulated markets as defined in the Investment Services Directive.

  • Angelos Damaskos

    Biographies

    Angelos Damaskos is founder and CEO of Sector Investment Managers (SIM), an FSA-authorized and regulated investment advisory company, and portfolio manager for SIM’s Junior Oils Trust. Junior Oils Trust, launched in October 2004, focuses its investments in smaller oil and gas equities and grew from

  • Making It Count: Independent Nonexecutive Directors

    Viewpoints

    (FSA), the lead UK regulator, is not radical enough.
    By Brandon Davies

  • Principles versus Rules in Financial Supervision—Is There One Superior Approach?

    Best Practice

    The Financial Services Authority (FSA), the United Kingdom’s unified supervisor since 1997, has advertised itself most explicitly as a “principles-based” supervisor. According to the British unified supervisor, a principles-based regulatory regime specifies desired outcomes and allows financial
    By Marc Quintyn

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Definitions of ’FSA’ and meaning of ’FSA’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’FSA’ and other financial terms with our online QFINANCE Financial Dictionary.

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