Financial Services Act 2012 Financial Services Act 2012 The Financial Services Act 2012 is an Act of the Parliament of the United Kingdom which implements a new regulatory framework for the financial system and financial services in the UK. It replaces the Financial Services Authority with two new regulators, namely the Financial Conduct Authority and the Prudential Regulation Authority, and creates the Financial Policy Committee of the Bank of England. This framework went into effect on 1 April 2013. Its main effect is to amend the Financial Services and Markets Act 2000. Under the Act, the administration of Libor became a regulated activity overseen
Stephen Kelly (businessman) and Reform Group in 2012 under cabinet office minister, Francis Maude. He left his role with the Government in November 2014 to join FTSE 100 multinational enterprise software company, Sage Group, where he was Sage’s first externally appointed CEO. During his time as CEO, Sage has acquired North American cloud-based financial software company Intacct in 2017 for $850m, and Fairsail, a British provider of cloud-based human resources software. In 2015, Stephen Kelly was appointed as one of six new business ambassadors to help boost the UK’s performance in international trade. On 31 August 2018, Sage Group announced that the Board