http://www.fsa.gov.uk/pubs/final/alpari.pdf

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Alpari will outlive the FSA

http://www.ft.com/cms/s/0/0203b99e-797f-11df-b063-00144feabdc0.html

My Bad!
I read the original article in FT. here is a summary
  

'The Financial Services Authority (FSA) is to be abolished in a shake-up by Chancellor George Osborne announced less than a week before the emergency Budget.

In a bid to address what he termed the 'spectacular regulatory failure' of the City watchdog, Osborne said he would increase the powers of the Bank of England and added the FSA would 'cease to exist in its current form'.

In his speech at Mansion House, at the Lord Mayor's annual dinner to the City, Osborne paid tribute to former Chancellor Alistair Darling and the job he had done to make up for the failure of the regulatory body.

But he also criticised the current three-party regulatory system: 'No one was controlling levels of debt and when the crunch came, no one knew who was in charge.'

To remedy this, Mervyn King, the governor of the Bank of England will be given a new remit to prevent the build-up of risk in the financial system, with Hector Sants, currently chief executive of the FSA staying on to aid in the transition.

'