Jurisdiction(s):
United Kingdom

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Key definition

Financial Services Authority definition

What does Financial Services Authority mean? In legal practice, “Financial Services Authority” (FSA) denotes the former UK financial services regulator frequently encountered in legacy contracts, permissions, policies and enforcement materials. Created by the financial services and markets act 2000 as the single statutory regulator for banks, insurers, investment firms and markets, it maintained the FSA Handbook and Approved Persons regime, and exercised authorisation, supervision and enforcement powers, including UK Listing Authority/primary market functions. The FSA was abolished on 1 April 2013 by the Financial Services Act 2012. Its functions were divided between: - the Financial Conduct Authority (fca) for conduct, markets, consumer protection and...

Negative Declaratory Relief in England and Wales: Court Powers, Utility and Discretion, Procedure (Part 7/Part 8), Enforcement and Cross-Border Issues

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Practice notes

Practice Note: negative declarations

This Practice Note examines negative declarations. It first addresses what a negative declaration entails, then the High Court’s jurisdiction to grant one. It next outlines the court’s approach, sets out the principles guiding the decision whether to grant such relief, and offers guidance on making an application for a negative declaration.

What is a negative declaration?

A declaration is, in essence, a formal statement issued by the court at a party’s request. This may concern the parties’ rights in a dispute, whether certain facts exist, or a rule of law. For general guidance on declarations, see Practice Note: Declaratory relief. A negative declaration is the declaratory remedy expressed in negative terms. It is an uncommon form of relief because it effectively flips the parties’ conventional positions. As noted by Lord Woolf in the Court of Appeal in Messier‑Dowty Ltd v Sabena SA (2001), the person who would naturally be the defendant takes the role of claimant, and the converse is also true...

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Camilla Macpherson

Independent contributor

From 2019 to 2024, Camilla Macpherson was Head of Secretariat of P.R.I.M.E. Finance, a foundation based in The Hague which seeks to foster greater financial market stability and increased confidence in global finance. Camilla previously practised international arbitration and litigation at Allen & Overy in London and Amsterdam, focusing on complex, high value cross-border disputes, many involving co-ordination of cross-jurisdictional proceedings and project management on a global scale. She was also previously DLA Piper’s Head of Knowledge Management, DLA Piper’s dedicated Brexit Counsel, and Legal Counsel at the Permanent Court of Arbitration in The Hague. Camilla is a Fellow of the Chartered Institute of Arbitrators, a member of the Law Society’s Arbitration Working Group, a former member of the Law Society’s International Committee and a practising solicitor in England & Wales with Solicitors’ Higher Rights of Audience....

Web page updated on 21/05/2026

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