FSA

FSA may refer to:

Organizations

Governmental agencies

Society of Antiquaries of Scotland

The Society of Antiquaries of Scotland is the senior antiquarian body of Scotland, with its headquarters in the National Museum of Scotland, Chambers Street, Edinburgh. The Society's aim is to promote the cultural heritage of Scotland.

History

The Society was established in 1780, and is the oldest antiquarian society in Scotland, and the second-oldest in Britain after the Society of Antiquaries of London. Founded by David Steuart Erskine, 11th Earl of Buchan on 18 December 1780, John Stuart, 3rd Earl of Bute, the former prime minister, was elected the first President. It was incorporated by Royal Charter in 1783, on the same day as the Royal Society of Edinburgh, and initially both societies shared accommodation on George Street and in the Royal Institution building on The Mound. In 1891 the antiquaries moved into the purpose-built Scottish National Portrait Gallery and National Museum of Antiquities of Scotland, located on Queen Street. The society moved to the National Museum of Scotland in 1954.

Financial Services Act 1986

The Financial Services Act 1986 (1986 c.60) was an Act of the Parliament of the United Kingdom passed by the government of Margaret Thatcher to regulate the financial services industry. The Act used a mixture of governmental regulation and self-regulation, and created a Securities and Investments Board (SIB) presiding over various new self-regulating organisations (SROs). It was superseded by the Financial Services and Markets Act 2000.

Context

The Act may be thought of as an “emasculated Gower”. Professor Laurence Gower had been asked to produce a report on financial regulation, followed by a draft bill. He tended towards a tighter and more top-heavy regime. The Thatcher government became impatient with this process and pushed a second bill through in place of Gower with more emphasis on self-regulation but containing most of the regulatory content of the Gower bill.

This relatively light approach to regulation followed a trend taking place in America under the Reagan administration.