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Regulatory bodies


Banking Code Standards Board 
The Board’s job is to ensure that banks, building societies and other providers of banking services comply with the Banking Codes. Since its formation in 1999, the Board has also worked to interpret and develop the Codes.

Competition Commission
An independent public body which conducts in-depth inquiries into mergers, markets and the regulation of the major regulated industries.

Financial Services Authority (FSA)
The Financial Services Authority is an independent body which regulates the financial services industry in the UK. Its four main aims are to maintain confidence in the UK financial system, to promote public understanding of the financial system, to secure an appropriate degree of protection for consumers and to contribute to the reduction of financial crime.

Financial Ombudsman Service 
The Financial Ombudsman Service was set up by law as an independent public body. Its job is to help settle individual disputes between businesses providing financial services and their customers - fairly, reasonably, quickly and informally.

Financial Reporting Council (FRC)
UK's independent regulator with an aim to promote confidence in corporate reporting and governance.

Legal Services Ombudsman
The Legal Services Ombudsman oversees the handling of complaints about lawyers in England and Wales, and contributes to the development of standards of service and conduct in the legal profession.

Local Government Ombudsman
The Local Government Ombudsman investigates complaints of injustice arising from maladministration by local authorities and certain other bodies.

Office of Fair Trading
The OFT's goal is to make markets work well for consumers.  The OFT's activities in pursuit of this goal involve enforcement of competition and consumer protection rules; market studies into how markets are working ; and communication to explain and improve awareness and understanding.

Pensions Regulator, The 
The Pensions Regulator is the regulator of work-based pension schemes in the UK. It opened for business in April 2005, replacing Opra, the Occupational Pensions Regulatory Authority.

Takeover Panel 
The Panel on Takeovers and Mergers (the "Panel") is an independent body, established in 1968, whose main functions are to issue and administer the City Code on Takeovers and Mergers and to supervise and regulate takeovers and other matters to which the Code applies. Its central objective is to ensure fair treatment for all shareholders in takeover bids.


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