UK Financial Services Authority
The Financial Services Authority (FSA) is the single financial regulatory body that is responsible for regulating all financial activity carried out in the UK. This includes all activity of foreign exchange companies and financial companies located in the UK.
DeltaQuest can assist you with setting up your forex company in compliance with the relevant regulatory body. To view our selection of services we can provide to forex brokers, view our Services for Brokers section.
UK FSA – Financial Services Authority
When setting up a forex company within the UK, your company will be regulated by the Financial Services Authority. The UK Financial Services Authority is an independent body that serves to regulate all financial activity and ensure financial stability, consumer protection and reduction of financial crime, such as money laundering. They regulate most financial services markets, exchanges and firms and take action against any firms that fail to meet their required standards.
The purpose of the FSA is to ensure stability, fairness and transparency to forex and other financial activity carried out in the UK. They use a wide range of stringent rules, investigatory and enforcement powers, in order to fulfill their statutory objectives.
Before you can begin the process of licensing and registering your forex company, you must make an initial application to the FSA for business authorization. Once your application for forex company formation has been approved, and you have obtained an FSA financial license, the FSA will continue to monitor and regulate your forex company, in order to ensure that you are fully compliant with the regulatory requirements.
Print This Post
