The Financial Services Regulator Copy

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.