Financial Services Act 2012: overview of reforms

An overview of the changes to the UK financial services regulatory structure made by the Financial Services Act 2012.

On 1 April 2013, the FSA was abolished and the majority of its functions transferred to two new regulators: the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). On the same date, the Bank of England (BoE) took over the FSA's responsibilities for financial market infrastructures and the Financial Policy Committee (FPC) was established on a statutory basis.

For an index of Practical Law's resources on the regulatory structure introduced by the Financial Services Act 2012, see Practice note, April 2013 UK financial services regulatory structure reforms: index of Practical Law materials.


The full text of this resource is available by logging in or by requesting a trial. If you have any questions, please contact us or your Practical Law Account Executive.

Free trial

A free trial will give you:

Unlimited access to our online legal know-how services during the trial period
Full training and support
Four issues of Practical Law The Journal, the companion to Practical Law online
Weekly update e-mails on current legal developments in your practice area

Log in using Practical Law username

Only use this login if you have not set up OnePass for Practical Law

{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1247404842129", "objName" : "Financial Services Act 2012 overview of reforms", "userID" : "2", "objUrl" : "", "pageType" : "Resource", "academicUserID" : "", "contentAccessed" : "false", "analyticsPermCookie" : "2-3b01f5d1:15b0e9fdc23:-26b3", "analyticsSessionCookie" : "2-3b01f5d1:15b0e9fdc23:-26b2", "statisticSensorPath" : "" }