Definition of financial services authority in English English dictionary
The top investment watchdog Contact them on 0207 638 1240, but if you have a problem with a financial adviser or insurance company, contact the Personal Investment Authority If you have a problem with a stockbroker, contact the Securities & Futures Authority
A relatively new organisation that deals with financial business, such as pensions The FSA makes sure the rules on financial business are followed (It has replaced the Securities and Investments Board)
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 statuatory objectives are: maintaining market confidence; promoting public awareness of the financial system; consumer protection and the reduction of financial crime