This visualisation shows when countries gave their securities supervisors English names similar to "Financial Services Authority" (FSA), "Securities & Exchange Commission" (SEC), or other. Countries can choose certain names for their supervisors to indicate to financial markets and other governments that they are following international norms and standards.
We can see that between the 1980s and 2007 there are two trends. The first is to use a name similar to the United State's SEC. The second is based on the United Kingdom's FSA, which was created in 1997.
These name changes are associated with evolving international standards and reforms in actual governance practices. For further details see Gandrud (2011).