The Financial Conduct Authority (FCA) regulates the financial services industry in the UK, and it has the sole aim of ensuring that markets run efficiently and fairly. It does so by monitoring the activities of trading brokers and a variety of other firms in the sector that offer products to the consumer, including banks, building…

Who are the New Zealand Financial Markets Authority?   The New Zealand Financial Markets Authority (NZFMA) acts as the primary government agency for regulating the financial sector within the country.   It regulates all market members, which range from investment firms and financial advisers to trading brokers and exchanges, implementing the various legislative statutes at…

Who are the National Futures Association?   The National Futures Association (NFA) is the self-regulatory organisation for the US derivatives market, which includes futures, forex and OTC swaps. ‘Self-regulatory’ means that while the NFA is not a government agency, it still has an active part to play in regulating the financial services and products sector…

Who are the Federal Trade Commission?   Established in 1914, the Federal Trade Commission (FTC) is one of the oldest independent agencies of the US government.   Its main responsibilities are to protect consumers and uphold their civil rights, which it achieves through upholding the various antitrust (i.e. non-criminal) laws that are available to it.…

Who are the Financial Sector Conduct Authority?   The Financial Sector Conduct Authority (FSCA) is the governmental authority in South Africa that ensures that service providers and operators are adhering to the laws set out in the Financial Sector Regulation Act 9.   The FSCA replaced the Financial Services Board (FSB) in 2018, and was…

Who are the Dubai Financial Services Authority?   The Dubai Financial Services Authority (DFSA) is the regulator of the financial markets in the special economic zone of the Dubai International Financial Centre (DIFC).   The Securities and Commodities Authority has regulatory power for the majority of the UAE, and so the DFSA is free to…

Who are the Commission de Surveillance du Secteur Financier?   The Commission de Surveillance du Secteur Financier (CSSF) is the main regulator of the financial markets in Luxembourg.   Its main responsibility is to uphold the highest standards of governance within the sector, be it investment firms, financial advisers, trading facilitators or the securities markets as a…

Who are the Commissione Nazionale per le Società e la Borsa?   The Commissione Nazionale per le Società e la Borsa (CONSOB) – or the National Commission for Companies and the Stock Exchange to give its English translation – is the governmental body that is responsible for regulating the Italian stock exchange, the Borsa Italiana,…

Who are the Comisión Nacional del Mercado de Valores?   The Comisión Nacional del Mercado de Valores (CNMV), or the National Securities Market Commission to give it its English translation, is an agency of the Spanish government that is responsible for the regulation of the financial and securities markets across Spain. While operating independently of…

Who are the Commodity Futures Trading Commission?   The Commodity Futures Trading Commission (CFTC) is an independent government agency in the US, whose sole purpose is to regulate the ‘over the counter’ derivatives market in the country.   The written ambition of the CTFC is to “promote the integrity, resilience, and vibrancy of the U.S.…