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.