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Monday, 22 April 2013
The vital importance of being a stamp - FSA Changes
The FSA is changing to the Financial Conduct Authority (FCA) this means all your stationery is no longer valid. Do not worry we are here to offer a cheap solution, instead of replacing all you current stock, buy a selfing Stamp will the new details on. We are offering a Maxstamp 4 for the special price of £23.75 + vat - please contact at sales@customstampsonline.co.uk or phone us on 0114 258 4045 using the code FCA35.
See changers below:-
In June 2010, the Chancellor announced the government’s intention to replace the FSA as a single
financial services regulator with two new successor bodies, and restructure the UK’s financial
regulatory framework.
In 2013, the FSA will be replaced by two new regulatory bodies that will carry forward our
philosophy of outcomes-based regulation, intensive firm supervision and credible deterrence:
• The Prudential Regulation Authority (the PRA), which will be a subsidiary of the Bank of
England, will be responsible for promoting the stable and prudent operation of the financial
system through regulation of all deposit-taking institutions, insurers and investment banks.
• The Financial Conduct Authority (the FCA) will be responsible for regulation of conduct in
retail, as well as wholesale, financial markets and the infrastructure that supports those
markets. The FCA will also have responsibility for the prudential regulation of firms that do
not fall under the PRA’s scope.
To ensure a smooth transition we have changed our organisational structure to help us evolve over
the next two years from one unitary regulator to the proposed new structure.
These changes began on 4 April when we replaced the Supervision and Risk business units with a
Prudential Business Unit (PBU) and a Conduct Business Unit (CBU) within the continuing FSA.
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