When did the FCA replace the FSA?
The FSA will be replaced by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) on 1 April 2013.
Did the FCA replace the FSA?
However, as of April 3, 2013, the regulator known as the Financial Services Authority (FSA) has undergone changes and has been renamed the Financial Conduct Authority (FCA).
When was the FSA abolished?
On 1 April 2013, in accordance with the Financial Services Act 2012, the FSA was abolished and the majority of the FSA's functions were transferred to the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).
What happened to the FSA in the UK?
On 19 December 2012, the Financial Services Act 2012 received royal assent, abolishing the FSA with effect from 1 April 2013. Its responsibilities were then split between two new agencies: the Financial Conduct Authority and the Prudential Regulation Authority of the Bank of England.