What is the FSA and What Does it Do?
The Financial Services Authority, also known simply as the FSA, is a financial body, and operates as an independent financial regulator within the UK. The powers that have been granted to the FSA come through the Financial Services and Markets Act 2000. A board is appointed by the Treasury to set the overall policies of the FSA, and on the board you will find managing directors and non-executive directors, as well as a Chief Executive Officer and a Chariman. The FSA reports to parliament through Treasury ministers, to which it is answerable. The agency is funded through the various financial companies that it regulates. ...
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