Financial Regulatory Authorities
Now Reading
Financial Conduct Authority (FCA)
0

Financial Conduct Authority (FCA)

by FORORYMay 7, 2017
Overview
Abbreviation

FCA

Founded

1 April 2013

Headquarters

London, United Kingdom

Area served

United Kingdom

Website

https://www.fca.org.uk/

Financial Conduct Authority (FCA)

The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK government, and is financed by charging fees to members of the financial services industry. The Financial Conduct Authority (FCA) regulates financial firms providing services to consumers and maintains the integrity of the UK’s financial markets. It focuses on the regulation of conduct by both retail and wholesale financial services firms. Like its predecessor the FSA, the FCA is structured as a company limited by guarantee.

On 19 December 2012 the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. Specifically, the Act gave the Bank of England responsibility for financial stability, bringing together macro and micro prudential regulation, created a new regulatory structure consisting of the Bank of England’s Financial Policy Committee, the Prudential Regulation Authority and the Financial Conduct Authority.

Rate Your Experience
Detailed Rating Summary From Our Community
Rate Here
Accessibility
93%
Complaints Handling
94%
Consulting
93%
Protection
94%
94%
Detailed Rating Summary From Our Community
4 ratings
You have rated this

What's Your Opinion!
Very Satisfied
35%
Satisfied
29%
Neutral
24%
Dissatisfied
6%
Very Dissatisfied
6%
About The Community Member
FORORY
The world of investing is complex. We can make it together easier.

Start your review here

Accessibility
Complaints Handling
Consulting
Protection