Financial Regulators

The Clubs' principal regulator is the Financial Services Authority (FSA) of the United Kingdom. The Bermuda Club is also regulated by the Bermuda Monetary Authority. 

The Financial Services Authority Limited

The Financial Services Authority Limited

25 The North Colonnade

Canary Wharf

London

E14 5HS

The Financial Services Authority (FSA) is an independent non-governmental body, given statutory powers by the Financial Services and Markets Act 2000. The FSA's aim is to promote efficient, orderly and fair financial markets and help retail financial service consumers get a fair deal. The government is responsible for the overall scope of the FSA's regulatory activities and for its powers. The FSA regulates most financial services markets, exchanges and firms. It sets the standards that they must meet and can take action against firms if they fail to meet the required standards. This often involves requiring firms to pay compensation to their customers. The FSA is the single statutory regulator responsible for the authorisation and regulation of: deposit taking (eg by banks); insurance; investment business; mortgage lending; mortgage advice; general insurance advice (eg motor, home buildings/contents and travel).

www.fsa.gov.uk

Bermuda Monetary Authority

Bermuda Monetary Authority

31 Reid Street

Hamilton, Bermuda HM12

The Bermuda Monetary Authority is responsible for the licensing, supervision and regulation of financial institutions including those conducting deposit-taking, insurance, investment and trust business in Bermuda. It is also the issuing authority for Bermuda bank notes and coinage, as well as providing a range of services and advice to Government on company incorporations and on banking and other financial and monetary matters. The Authority encourages high standards of compliance and works with Government and industry professionals to ensure that Bermuda's reputation as a quality international financial centre is protected.  

www.bma.bm