Financial Service Authority ( FSA)

Financial service authority ( FSA) - It is an independently owned agency that is similar to the Financial Industry Regulatory Authority (FINRA) in the United States of America. It controls the actions and regulates the financial service industry in the United Kingdom. The Financial service authority was formed in 1986 to act as a variety for the regulatory power and to delegate to a company or corporation under the Financial Services Act which was also written in 1986. This Authority was created more toward the protection of its investors from unfair or unethical practices that may be conducted in the financial industry.