The Financial Conduct Authority (FCA) is the regulatory authority in the United Kingdom responsible for regulating the conduct of financial services firms and markets to ensure they operate with integrity and provide fair outcomes for consumers. Established in 2013, the FCA has wide-ranging powers to supervise and enforce regulations across various sectors, including banking, insurance, securities, and asset management. Its responsibilities include authorizing and supervising financial firms, setting standards for conduct and prudential regulation, and enforcing compliance with regulatory requirements. The FCA also works to promote competition in the financial services industry and provides consumer education and protection initiatives. As the primary regulator for financial services in the UK, the FCA plays a crucial role in maintaining confidence and stability in the financial system while protecting the interests of consumers and investors.
