Financial Conduct Authority – United Kingdom

The Financial Conduct Authority (FCA) is the regulatory body for financial services firms and financial markets in the United Kingdom. Established on April 1, 2013, it aims to ensure that financial markets are honest, fair, and effective so that consumers get a fair deal.

Key Functions and Responsibilities

• Regulatory Oversight: The FCA regulates the conduct of approximately 45,000 financial services businesses and supervises about 44,000 firms to ensure that the UK financial markets function well.
• Consumer Protection: Protecting consumers is at the core of the FCA’s mission. The authority focuses on ensuring that financial markets provide fair outcomes, prevent harm, and promote competition.
• Market Integrity: The FCA works to enhance the integrity of the UK’s financial system through comprehensive regulation and proactive oversight.