Financial Services Authority
- Financial Services Authority
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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
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Regulatory authority given statutory powers by the Financial Services and Markets Act 2000. Responsible for overseeing and authorizing Recognised Clearing Houses (RCHs) and Recognised Investment Exchanges (RIEs) and also firms who carry out investment business. The FSA's four statutory objectives are: maintaining market confidence; promoting public awareness of the financial system; consumer protection and the reduction of financial crime. LIFFE
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Financial Services Authority ( FSA)
An independent body which regulates the financial services industry in the UK. London Stock Exchange Glossary
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Financial Services Authority Fiˌnancial ˈServices Auˌthority abbreviation FSA noun ORGANIZATIONS FINANCE BANKING
an organization that in 1997 took control of
regulation (= making sure that laws are obeyed) of the British financial services industry from the nine separate organizations which previously had been responsible for banking, insurance etc:
• The Financial Services Authority regulates the sale and marketing of most investment products.
Financial and business terms.
2012.
Look at other dictionaries:
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Central bank and financial services authority of ireland — Banque d Irlande (en) Central Bank and Financial Services Authority of Ireland (ga) Banc Ceannais agus Údarás Seirbhísí Airgeadais na hÉireann … Wikipédia en Français
