• About the FSA
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We co-operate closely with other UK agencies and government departments, which have related responsibilities, including:

• HM Treasury, responsible for the relevant legislation (FSMA) and the general framework of regulation:

• the Bank of England, which, under the Bank of England Act 1998, has as its objectives maintaining price stability and, subject to that, supporting the Government’s economic policy. We have agreed a Memorandum of Understanding with HM Treasury and the Bank of England. This explains how the three authorities will work together towards the common objective of financial stability. The Memorandum established, among other things, a Treasury, Bank of England and FSA Standing Committee which meets monthly to discuss individual cases of significance and other developments relevant to financial stability;

• the Department for Business Innovation and Skills, responsible for company law and insolvency matters and for most investigations and prosecutions under the Companies Acts;

• the Department for Work and Pensions, responsible for public policy on pensions and for the Occupational Pensions Regulatory Authority;

• the The Pensions Regulator (TPR), responsible for the regulation of occupational pension schemes;

• the Office of Fair Trading, responsible for consumer credit, consumer protection and competition issues;

• the Serious Fraud Office, responsible for investigating and prosecuting serious and complex fraud.

• the Financial Ombudsman Service is the independent body which deals with individual complaints against regulated firms when the complainant is not satisfied with the firm's handling of the matter.

• the Financial Services Compensation Scheme is the independent body which handles claims for compensation from consumers when the regulated firm concerned has become insolvent.
  
  

• the Serious Organised Crime Agency, responsible for providing leadership in criminal intelligence to combat serious and organised crime.