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The Financial Services Authority (FSA) was a regulatory body in the United Kingdom responsible for overseeing the financial services industry. It was established in 2001 and operated until 2013, when it was abolished and its responsibilities were divided among several new regulatory bodies. The FSA's main objectives were to maintain market confidence, promote public understanding of the financial system, protect consumers, and reduce financial crime. It regulated a wide range of financial services, including banking, insurance, and investment firms. The FSA also had the authority to enforce compliance with regulations and investigate misconduct within the industry. Its dissolution led to the creation of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) to take over its functions.