The FSMA governs financial services and markets in the UK, providing a framework for regulation and oversight.

• Authorization: Requires firms to obtain regulatory approval to operate.
• Conduct Rules: Enforces standards for fair and transparent market practices.
• Risk Management: Mandates systems to mitigate operational and financial risks.

Enacted in 2000, FSMA has been updated to reflect evolving market practices and risks.

• Regulatory Sanctions: Firms may face penalties or restrictions.
• Operational Disruptions: Non-compliance may lead to increased oversight.
• Reputational Damage: Violations can harm market confidence.

• Market Integrity: Promotes transparency and fairness in financial markets.
• Consumer Protection: Ensures safeguards for investors and customers.
• Legal Safeguards: Demonstrates adherence to UK financial laws.