On 19 June 2012, the FSA published its Annual Report for 2011/12. The report is a key component of the FSA's accountability framework. The report deals the performance of the FSA during 2011/12 and compares this against the priorities listed in its business plan. FSA Annual Report.
This will be the FSA's last annual report before the Prudential Regulation Authority and the Financial Conduct Authority take over as ‘twin peak’ regulators in early 2013.
The FSA measures market cleanliness by looking at the level of abnormal price movements prior to company announcements. This declined from 21.2% in 2010 to 19.8% in 2011. The 2011 level is the lowest since 2003.