The FSLA glossary seeks to provide definitions and descriptions of terminology relevant to financial services law and the financial services industry. It is a collaborative effort - if you think a term is missing, please suggest a definition using the Submit Term link. Suggestions for improving an existing entry should be sent to website@fsla.org.uk.
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| Financial Ombudsman Service | The scheme provided under Part XVI of FSMA (The Ombudsman Scheme) under which certain disputes may be resolved quickly and with minimum formality by an independent person (‘person’ being defined in accordance with the Interpretation Act 1978). See the DISP section of the Handbook for details on procedures and jurisdiction. |
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| Financial Services and Markets Act 2000 | FSMA provides the framework within which the single regulator for the UK financial services industry, the Financial Services Authority operates. FSMA also establishes the framework for single ombudsman and compensation schemes to provide further protection for consumers. |
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| Financial Services Authority | The single financial services regulator in the UK, established by the Financial Services and Markets Act 2000. |
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| FOS | See Financial Ombudsman Service
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| FSA | See Financial Services Authority.
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| FSMA | See Financial Services and Markets Act 2000.
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Glossary V2.0 |
