Thursday, September 01, 2011

Foreign Regulatory Agencies

Foreign Regulatory Agencies

UK Financial Services Authority

If you live in the U.K., the Financial Services Authority (FSA) is for you! Formed in 2001 by the Financial Services and Markets Act of 2000, this non-governmental body aims to reduce financial crime and protect consumers through the regulation of financial services and firms in the U.K.

HM (His/Her Majesty's) Treasury decides what the FSA should regulate, but the FSA decides how to regulate. Like the NFA and CFTC, the FSA also has a database of members. These members are subject to the FSA's rules and regulations. Through membership fees, the FSA funds itself like an Energizer bunny.
FSA's website:


The Danish FSA was formed in January 1988 and was charged with supervising financial activities in Denmark. Members of the FSA are monitored in attempt to protect investors and prevent market abuse.
Finanstilsynet's website:

Swiss Federal Department of Finance

The Federal Department of Finance or FDF was formed in 1848. While the FDF is the overseer of financials in Switzerland, it is the Swiss Financial Market Supervisory Authority or FINMA that regulates the banks, securities dealers, and stock exchanges. FINMA acts like the big brother in Switzerland and does pretty much the same as the other regulatory agencies.

Association Romande des intermediares financiers

This organization is similar to FINMA in that they are both from Switzerland, but this body is based on the French speaking part of Switzerland. ARIF was formed in 1999. It too acts as a regulatory agency with members abiding by certain rules and laws.

Hong Kong Securities and Futures Commission

The Hong Kong Securities and Futures Commission (SFC) was formed in May 1989 due to ineffective efforts of two regulating bodies. With a combined single organization, the SFC took charge. It monitors all futures and securities-related activities in Hong Kong.

Australian Securities and Investments Commission

Founded in 1991, the Australian Securities and Investments Commission (ASIC) acts as a corporate regulator in Australia. ASIC regulates companies, financial markets, and financial service organizations as well as insurance, and credit. The organization aims to maintain fairness in the market environment.

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