Business, Legal & Accounting Glossary
The FSA is the Financial Services Authority, the regulator which oversees much of the UK financial services industry including investments, insurance, and mortgages.
The FSA has the power to impose fines for breaking the regulations, and in serious cases it can also withdraw authorisation from wrongdoers, effectively closing the company down.
In 2013 the FSA will be replaced by two new organisations, the Prudential Regulation Authority or PRA, and the Financial Conduct Authority or FCA.
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This glossary post was last updated: 15th February, 2020