Financial Services Authority

an independent non-governmental body formed in 1997 as a result of reforms in the regulation of financial services in the United Kingdom. The Securities and Investments Board (SIB) became responsible for the supervision of banking and investment services and changed its name to become the financial Services Authority. The FSA's four statutory objectives were specified by the Financial Services and Markets Act 2000: maintaining market confidence; increasing public knowledge of the finance system; ensuring appropriate protection for consumers; and reducing financial crime.

Abbreviation FSA
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