What does FSC mean in Governmental?
This page is about the meanings of the acronym/abbreviation/shorthand FSC in the field in general and in the Governmental terminology in particular.
Friendly Societies Commission
The FSC was the statutory regulator in the United Kingdom for registered and incorporated friendly societies under section 1 of the Friendly Societies Act 1992. It’s functions were subsumed by the Financial Services Authority (FSA) in 2001 when the Financial Services and Markets Act 2000 was brought into force on 1st November of that year. Subsequently on 1st April 2013, the FSA was split into the PRA and FCA (Prudential Regulation Authority and Financial Conduct Authority). The regulatory functions under the 1992 Act now vest in the FCA and PRA. These statutory regulators are usually statutory bodies (or quasi-statutory bodies) for industries and businesses operating in the financial sector, or similar, where the general public are at risk of loosing money.
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"FSC." Abbreviations.com. STANDS4 LLC, 2024. Web. 2 May 2024. <https://www.abbreviations.com/term/2152202>.
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