Major Regulators

Top Financial Regulators That Protects Customers and Clients

Are you conversant with the term chargeback? If not, it refers to a reversal of a transaction made using a debit card or credit card. This process is usually completed by major financial regulators who are assigned with the task of maintaining fairness in financial markets.

There are several major financial regulators, and all operate independently but aim to achieve similar goals, which is protecting consumers and clients within the financial markets.

Almost every country has its financial regulators.

In the US alone, there are almost ten different financial regulators with whom they operate independently and, more importantly, deal with one sector of the US economy. One can either deal with insurance cooperation, commodity features, industrial sectors, state banks, or several other sectors.

This article will be listing some of the most respected financial regulators in several developed countries. These major financial regulators are the licensed regulators out there.

Here is what we will address in this article:

  • The List of Major Financial Regulators,
  • Their Purpose Responsibilities

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Top Licensed Major Financial Regulators

1. Australia:

Australian Securities and Investments Commission (ASIC)

This is one of the top financial regulators in Australia. They are tasked with different duties covering three distinct sectors; business, consumers, and finance professionals. Within each of these sections, they offer additional services.

For example, there are financial capability services, insurance services, loan and credit cards, and unclaimed money in the consumers’ section, among several other benefits.

Financial Market Authority (FMA)

Here is another respected major regulator from Australia. This licensed regulator offers banking resolution, supervision, international and law services. As of the latest reports, FMA manages assets worth € 23.8 billion, with an investment performance of +2.2%.

If you want to trade with a particular company and aren’t sure if they are licensed, you can check FMA. The good thing is they show if a company is or not authorized and what roles or duties a company can conduct in Australia.

2. Belgium:

Financial Services and Markets Authority (FSMA)

With FSMA, you can quickly access consumers’ or professionals’ financial services they offer if you are in Belgium. They aim to maintain financial market integrity by ensuring you have fair and equitable treatment. They operate both locally and internationally, which provides convenience to all consumers.

3. Canada:

In Canada, there are several provincial financial regulatory authorities, and the most prominent sources are:

  • The Ontario Securities Commission (OSC)
  • The British Columbia Securities Commission (BCSC)
  • The Alberta Securities Commission (ASC)
  • The Financial and Consumer Affairs Authority of Saskatchewan (FCAA)
  • The Autorité des marchés financiers in Quebec (AMFQ)
  • The Manitoba Securities Commission (MSC)

4. Denmark

Finanstilsynet or Financial Supervisory Authority (DFSA)

Finanstilsynet is a financial supervisory authority located in Denmark. This regulatory authority is tasked with several duties: Countries risk assessment, market development, warnings against fraudulent or thawing companies, and companies under supervision. These are just a few services it offers in its all-inclusive services portfolio. So, be sure to check all of its benefits here.

5. Finland:

Finanssivalvonta or Financial Supervisory Authority (FIN-FSA)

Before you buy insurance, invest or deposit money Financial Supervisory Authority has collected and compiled together essential data that you may need. These data will help you understand more about what you are yet to invest in. And in case you face some difficulties, they are the ones that will help you initiate a chargeback.

They also work with Finland’s and some international banks, insurance, and capital market to ensure financial market stability.

6. France:

Autorité des marchés financiers (AMF)

AMF is France’s major financial regulator, with some of its regulations applicable in the entire European market. They have their General European regulations well stated on their website.

7. Germany:

Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) {Federal Financial Supervisory Authority}

8. Hong Kong:

Securities and Futures Commission (SFC)

Under Hong Kong’s government and Securities and Futures Ordinance (SFO) jurisdiction, SFC offers regulations over Hong Kong’s futures markets and securities. This ensures consumers’ protection is upheld at all times. Check its functions/roles here.

9. Ireland:

Banc Ceannais na hÉireann (Central Bank of Ireland)

Like almost every other bank, CBI works by ensuring all financial systems operate in the whole economy’s best interests and consumers’ interests.

10. Israel:

Israel Securities Authority (ISA)

11. Japan:

Financial Services Agency

12. Luxembourg

Commission de Surveillance du Secteur Financier (CSSF)

Exclusively in the public interest, CSSF contributes to the financial sectors’ sturdiness and stability by carrying out provident and market surveillance. This is aimed at ensuring equity and honesty within the financial market, which protects traders and consumers.

CSSF executes its approach as per international standards.

13. The Netherlands:

Autoriteit Financiële Markten (AFM) {Authority for Financial Markets}

AFM offers consumers with lists of trends and risks for several financial sectors. And for restrictions imposed on the sale of turbos to retail investors, it provides consolations. AFM also offers several services to financial professionals about the market’s trends and more.   

14. New Zealand:

Financial Markets Authority (FMA)

FMA regulates professionals, businesses, and markets, and they do this through direct licensing or authorization. Their regulatory functions include; policy and guidance, licensing, Investigations and enforcement, education, and monitoring and supervision.

15. Norway

Finanstilsynet {Financial Supervisory Authority (FSA)}

FSA regulatory functions include:

  • Licensing
  • Supervision
  • Reporting
  • Laws and regulations

16. Portugal

Securities Market Commission or CMVM

CMVM is one of Portugal’s most trusted financial regulators that work to ensure stability, security, and equity in the financial market. It works for both local and international markets ensuring balance and fairness.

17. Russia

Central Bank of Russia CBR

18. Singapore

Monetary Authority of Singapore (MAS)

MAS offers regulatory function in the following sectors:

  • Banking
  • Capital Markets
  • Insurance
  • Payments
  • Focus Areas

MAS also offers supervisory approach services as well as regulatory instruments to study market trends.

19. South Africa

Financial Sector Conduct Authority (FSCA)

20. Spain:

La Comisión Nacional del Mercado de Valores (CNMV) {The National Securities Market Commission}

21. Sweden:

Finansinspektionen (The Financial Supervisory Authority)

22. Switzerland:

The Financial Market Supervisory Authority (FINMA)

Besides FINMA’s prominent financial market supervisory role, it also extends its reach by utilizing private audit companies. This helps it achieve its major financial regulatory functions within the financial market.

23. Turkey:

The Capital Markets Board of Turkey

24. United Kingdom:

Financial Conduct Authority (FCA)

For consumers to get a fair deal, financial markets have to be effective, fair, and honest. And that’s why FCA works to ensure equity in the market for the whole economy, business (big or small), and consumers.

25. United States

Office of Thrift Supervision (OTS)

Responsible for consumers’ financial protection and works with CFPB and Federal Deposit Insurance Corporation (FDIC) to ensure that.

  • State Insurance Regulators (SIR)
  • The US Commodities Futures Trading Commission (CFTC)
  • Securities and Exchange Commission (SEC)

The Purpose & Responsibilities of Major Regulators

  • Financial regulators give you a platform to dispute any fraud you may have run into.
  • Major regulators protect you if you receive a fake product or haven’t received the product you ordered. Even if you willingly made the payment yourself, you can still get your money reversed back.
  • As you already know, as a cardholder, you can dispute any unauthorized or unapproved transaction thanks to financial regulators. For example, you lost your card, and after a while, you noticed or received a notification of some funds being charged from your account. In this case, you can easily notify your cardholder issuer for the funds to be a chargeback.

Most consumers who use debit or credit aren’t aware that they can dispute any unauthorized transaction in their account with their financial institution. Keep in mind that you are protected by Visa and Mastercard global dispute resolution rules and local regulations.

And because of these guidelines, all consumers are protected from malicious or dishonest online traders. This is possible thanks to the Treating Clients Fairly (TCF) guidelines that every financial institution must have to operate legally. Therefore, with these guidelines in place, most vulnerable individuals among us are assured of fair and honest treatments and effective resolution procedures.

Key Takeaways

Remember, all major financial regulators are formed by specific bodies and are also assigned to do particular duties. So, here are some of the critical factors you should know.

  1. Each financial regulation body’s goals are to ensure clients and consumers are receiving honest and fair treatment, keep the financial market as transparent as possible, and, more importantly, prevent and investigate fraud.
  2. The governments or other organizations are responsible for establishing financial regulatory bodies to manage and control financial markets.
  3. Several regulatory bodies are established to manage and regulate specific major organizations, such as banks and big industries.


Financial regulators are one of the essential organizations nowadays. This is because they are responsible for almost all critical and influential financial market transactions. Meaning that they ensure the those who are vulnerable amongst us are always protected against fake online merchants.

The major regulator’s importance is to help you avoid transacting with a fraudulent trader who may end up running away with your money.