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Financial Services Authority facts for kids

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Financial Services Authority
Agency overview
Formed December 2001
Dissolved April 2013
Superseding agency
  • Prudential Regulation Authority, Financial Conduct Authority
Jurisdiction United Kingdom
Headquarters 25 North Colonnade
London, United Kingdom
Employees 3,800
Agency executive
  • Adair Turner, Chairman

The Financial Services Authority (FSA) is a group who regulate banks and other financial companies in the United Kingdom. Its board is appointed by the Treasury and the organisation is structured as a company limited by guarantee and owned by the UK government. Its main office is based in Canary Wharf, London, with another office in Edinburgh. When acting as the competent authority for listing of shares on a stock exchange, it is referred to as the UK Listing Authority (UKLA).

The FSA's Chairman and CEO are Lord Turner of Ecchinswell and Hector Sants.

On June 16, 2010, the Chancellor of the Exchequer, George Osborne, announced plans to abolish the FSA and separate its responsibilities between a number of new agencies and the Bank of England.

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