Financial Services Authority, formerly known as SIB. The designated agency under the Financial Services Act 1986 and the regulator of exchanges, Self-Regulating Organisations, clearing houses, recognised professional bodies, banks, wholesale money markets and certain investment businesses. Dresdner Kleinwort Wasserstein financial glossary
Financial Services Authority (FSA)
The single statutory financial regulator in the UK. In order to do business in the UK most financial service firms must get permission from the FSA. Financial Services Glossary
The FSA regulates banks, building societies, credit unions, insurance and investment firms and independent financial advisers. The FSA is also responsible for Lloyd's Insurance Market and in 2004 its powers will be extended to cover general insurance advice and mortgage lending. However, the FSA does not cover loans, credit, occupational pension schemes and their administration
Financial Services Authority (FSA)
An independent body which regulates the financial services industry in the UK. London Stock Exchange Glossary

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   The Financial Services Authority is a government regulatory body for the financial services industry in the United Kingdom, including deposit-taking, insurance and investment business. It also educates the general public on personal finance topics.
   ■ www.fsa.gov.uk

Financial and business terms. 2012.

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