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FSA Building

Annual report

Describes the progress the FSA has made against our Strategic Plan

Annual Report

Related external information

HM Treasury

The Financial Services and Markets Act 2000 can be found on the HM Treasury website

FSMA

FSMA gives the FSA four statutory objectives

FSA objectives

The Financial Services Authority (FSA) is an independent non-governmental body, given statutory powers by the Financial Services and Markets Act 2000. We are a company limited by guarantee and financed by the financial services industry. The Board sets our overall policy, but day-to-day decisions and management of the staff are the responsibility of the Executive Committee.

We are accountable to Treasury Ministers and, through them, Parliament. We are operationally independent of government and are funded entirely by the firms we regulate. We are an open and transparent organisation and provide full information for firms, consumers and others about our objectives, plans, policies and rules, including through this website.

Statutory objectives

  • market confidence
  • financial stability
  • consumer protection
  • reduction of financial crime

More information regarding statutory objectives