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Financial Services Authority (FSA)

Definition of 'Financial Services Authority (FSA)'

An independent non-governmental body, given statutory powers by the Financial Services and Markets Act 2000 to regulate the financial services industry in the UK. The FSA has been given a wide range of rule-making, investigatory and enforcement powers.

They have the following three main aims; promoting efficient, orderly and fair markets, helping retail consumers achieve a fair deal and improving business capability and effectiveness.

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