Financial Services Act 2012 (2012 c 21)

The 2012 legislation fundamentally reorganised the UK's financial regulatory structure. Enacted in response to the 2008 financial crisis, it replaced the Financial Services Authority (FSA) with two new regulators: the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), aimed at increasing oversight and stability in the financial system. It also established the Financial Policy Committee (FPC) within the Bank of England to oversee macroprudential regulation. The Act enhances accountability, consumer protection, and establishes mechanisms for resolving failing financial institutions to prevent systemic risks.

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Financial Services Act 2012 (2012 c 21)

The 2012 legislation fundamentally reorganised the UK's financial regulatory structure. Enacted in response to the 2008 financial crisis, it replaced the Financial Services Authority (FSA) with two new regulators: the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), aimed at increasing oversight and stability in the financial system. It also established the Financial Policy Committee (FPC) within the Bank of England to oversee macroprudential regulation. The Act enhances accountability, consumer protection, and establishes mechanisms for resolving failing financial institutions to prevent systemic risks.

Quick and comprehensive access to the most accurate, up-to-date legislation.

LexisNexis traffic light system shows the status of legislation and cases so you are always using up-to-date law while historical versioning and legislative timelines lets you see exactly what has changed in legislation over time.

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Financial Services Act 2012 (2012 c 21)
45 . . .

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