Financial Services: Enforcement & Discipline

    View Author September 2012

    The FSA regulates almost all financial services firms operating in the UK market. It is also responsible, in its capacity as the UK Listing Authority, for policing compliance by publicly quoted companies, their directors and sponsors, with the Listing Rules.

    In 2013, the FSA’s powers will be transferred to the Financial Policy Committee, the Prudential Regulation Authority and the Financial Conduct Authority (FCA). The FCA will take over much of the FSA’s enforcement and disciplinary powers against regulated firms and individuals as part of its core purpose of making sure that markets “function well” so consumers get a fair deal.