Financial Services Lawyers Association

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.

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.

The single financial services regulator in the UK, established by the Financial Services and Markets Act 2000.

See Financial Ombudsman Service

See Financial Services Authority.

See Financial Services and Markets Act 2000.