Margaret Cole to leave FSA

clock

Margaret Cole is to step down from her role as managing director at the Financial Services Authority (FSA) ahead of its restructure.

Cole, also a board member, will leave after nearly seven years at the regulator. She will remain in her position until the end of March, prior to the creation of a twin peaks regime within the FSA, before going on gardening leave until 31 August 2012. However, she will still represent the FSA during the intervening period on issues not related to individual regulated firms or ongoing investigations. Cole said: "I joined the FSA to help in the fight against wrongdoing within the financial services industry and I believe a lot has been achieved in my time here. "We have shown the ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

PIMFA publishes non-financial misconduct guidance

PIMFA publishes non-financial misconduct guidance

In partnership with CII, CISI and Clyde & Co to help firms navigate FCA’s updated rules

Sophia Panayi
clock 23 June 2026 • 2 min read
FCA set to raise market abuse penalties and bring crypto into scope

FCA set to raise market abuse penalties and bring crypto into scope

Minimum fine raised

clock 16 June 2026 • 2 min read
Director jailed for near £9m investment fraud

Director jailed for near £9m investment fraud

Declan Nowell sentenced for ‘Ponzi-style’ investment scam

Sophia Panayi
clock 01 June 2026 • 2 min read