imported>Doug Williamson |
imported>Doug Williamson |
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| ''Financial services - legislation - regulation - UK - Brexit.''
| | (FSA). |
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| | The former UK body which, amongst its duties, was the regulatory authority in the UK for most financial services markets, exchanges and firms. |
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| :<span style="color:#4B0082">'''''First step in shaping UK’s financial services regime post-Brexit'''''</span> | | The FSA's former responsibilities have now been divided and transferred to: |
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| :"The Financial Services Act 2021... is seen as the UK’s first step in retaking control of the financial services regulatory framework post-Brexit and ensuring that the UK remains an 'open and dynamic financial centre' while delivering on the Government’s vision for a more open, technologically advanced and greener industry."
| | 1. The Financial Conduct Authority; and |
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| :''Allen & Overy - 2021.''
| | 2. The Prudential Regulation Authority. |
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| Changes introduced by the Act include:
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| * Amending the UK's MiFIR equivalence regime for third country investment firms to reflect the EU's Investment Firms Regulation.
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| * Empowering the Financial Conduct Authority to specify reporting requirements for UK MiFIR-registered firms.
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| * Updating UK EMIR to improve access to clearing services.
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| * Strengthening the insider dealing and market abuse regime under UK MAR.
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| | Some of the FSA's functions were comparable with the CFTC in the United States. |
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| == See also == | | == See also == |
| * [[Brexit]]
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| * [[Clearing]]
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| * [[Financial Conduct Authority]] | | * [[Financial Conduct Authority]] |
| * [[Financial Markets Association]]
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| * [[Financial Services Authority]]
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| * [[Insider dealing]]
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| * [[Investment Firms Regulation]]
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| * [[Legislation]]
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| * [[Market abuse]]
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| * [[Onshore]]
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| * [[Regulation]]
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| * [[Prudential Regulation Authority]] | | * [[Prudential Regulation Authority]] |
| * [[Retained EU law]] | | * [[Trustees]] |
| * [[UK EMIR]] | | * [[CFTC]] |
| * [[UK MAR]]
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| * [[UK MiFIR]]
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| * [[United Kingdom]]
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| [[Category:Accounting,_tax_and_regulation]]
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| [[Category:The_business_context]]
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| [[Category:Corporate_finance]]
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| [[Category:Investment]]
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| [[Category:Long_term_funding]]
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| [[Category:Compliance_and_audit]]
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| [[Category:Ethics]]
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| [[Category:Identify_and_assess_risks]]
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| [[Category:Manage_risks]]
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| [[Category:Risk_frameworks]]
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| [[Category:Risk_reporting]]
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| [[Category:Cash_management]]
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| [[Category:Financial_products_and_markets]]
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| [[Category:Liquidity_management]]
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| [[Category:Technology]]
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| [[Category:Trade_finance]]
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| [[Category:Treasury_operations_infrastructure]]
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(FSA).
The former UK body which, amongst its duties, was the regulatory authority in the UK for most financial services markets, exchanges and firms.
The FSA's former responsibilities have now been divided and transferred to:
1. The Financial Conduct Authority; and
2. The Prudential Regulation Authority.
Some of the FSA's functions were comparable with the CFTC in the United States.
See also
