The Financial Services Regulator

The Financial Services Regulator

The Financial Services Authority (FSA) was created to supervise financial services and insurance businesses. During 2013 it was replaced by two regulators: 

  • The Financial Conduct Authority (FCA).
  • The Prudential Regulation Authority.

The FCA assumes responsibility for anti-money laundering supervision.


FCA Regulator Objectives

The Financial Conduct Authority’s strategic objectives under the Financial Services Act 2012 are to:

  • Secure an appropriate degree of protection for consumers.
  • Protect and enhance the integrity of the UK financial system.
  • Promote effective competition in the interests of consumers.

This includes making the UK a tough place for criminals to do business.