Financial Services Authority (FSA)

Who are the FSA (Financial Services Authority)?

The FSA was 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. On the 1st of April 2013, the FSA was abolished and split into two separate authorities: the Financial Conduct Authority and the Prudential Regulation Authority.

Established in 1985, The FSA was given a wide range of rule-making, investigatory and enforcement powers.

The FSA was established with the aim of promoting efficient, orderly and fair markets, helping retail consumers achieve a fair deal and improving business capability and effectiveness.

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