Financial Conduct Authority (FCA)
What is Financial Conduct Authority (FCA)?
The FCA is the conduct regulator for financial services firms and financial markets in the United Kingdom. It operates independently of the UK government and aims to ensure that financial markets work well so that consumers get a fair deal.
Why It Matters
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It protects consumers by setting high standards of conduct for financial firms.
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It promotes healthy competition between providers to drive better value for users.
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It maintains the integrity of the UK financial system by monitoring for market abuse.
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It has the power to fine or ban firms that do not follow its regulatory guidelines.
