Financial Services Authority - The single regulatory authority for the UK financial services industry.
The replacement regulating body for the Securities and Investments Board (SIB). The FSA, which came into being on 28th October 1997, carries all regulatory responsibilities for the UK financial services industry. The overall broad objectives are:the protection of consumers of financial servicesthe promotion of clean and orderly marketsthe maintenance of confidence in the financial services systemIt is a criminal offence to conduct investment business without authorisation, and the FSA is empowered to prosecute those who break this rule. A Central Register is held which lists firms with authorisation.
Financial Services Authority : the single regulatory authority for the uk financial services industry.
the replacement regulating body for the securities and investments board (sib). the fsa, which came into being on 28th october 1997, carries all regulatory responsibilities for the uk financial services industry. the overall broad objectives are:the protection of consumers of financial servicesthe promotion of clean and orderly marketsthe maintenance of confidence in the financial services systemit is a criminal offence to conduct investment business without authorisation, and the fsa is empowered to prosecute those who break this rule. a central register is held which lists firms with authorisation.
Financial Services Authority