Financial Services Authority and Fraud: Difference between pages

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(FSA).
''Law.''


The former UK body which, among its other duties, was the regulatory authority in the UK for most financial services markets, exchanges and firms.
A criminally false representation by means of a statement or conduct made knowingly or recklessly in order to gain a material advantage, usually, but not necessarily, a financial advantage.  


Financial frauds usually involve concealment as well as false representations.


In 2013, the former FSA's responsibilities were divided and transferred to:


#The Financial Conduct Authority; and
== See also ==
#The Prudential Regulation Authority.
* [[Extrinsic evidence]]
* [[Forgery]]
* [[Fraudulent trading]]
* [[Segregation of duties]]
* [[Misrepresentation]]
* [[Serious Fraud Office ]]




Some of the FSA's functions were comparable with the CFTC in the United States.
===Other links===
[http://www.treasurers.org/node/5024 Fraud and the recession, Will Spinney, ACT 2009]


[http://www.treasurers.org/node/9465 UK businesses fined over £166m for misconduct, Sally Percy, Oct 2013]


== See also ==
[[Category:Compliance_and_audit]]
* [[CFTC]]
[[Category:Financial_risk_management]]
* [[Financial]]
[[Category:Risk_frameworks]]
* [[Financial Conduct Authority]]
* [[Financial Services Committee]]
* [[Prudential Regulation Authority]]
* [[Trustee]]
 
[[Category:Accounting,_tax_and_regulation]]

Revision as of 10:57, 30 March 2016

Law.

A criminally false representation by means of a statement or conduct made knowingly or recklessly in order to gain a material advantage, usually, but not necessarily, a financial advantage.

Financial frauds usually involve concealment as well as false representations.


See also


Other links

Fraud and the recession, Will Spinney, ACT 2009

UK businesses fined over £166m for misconduct, Sally Percy, Oct 2013

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