Difference between revisions of "Financial Conduct Authority"

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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.<ref>{{Cite web  | last =  | first =  | title =First Chair of the new Financial Conduct Authority appointed| url = http://www.hm-treasury.gov.uk/press_43_12.htm | publisher =  | date =  | accessdate = 2 November 2012 }}</ref>
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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.<ref>http://www.hm-treasury.gov.uk/press_43_12.htm</ref>
  
The FCA regulates financial firms providing services to consumers and maintains the integrity of the UK’s financial markets.<ref>{{cite news|url=http://www.businessweek.com/news/2010-06-16/u-k-scraps-fsa-in-biggest-bank-regulation-overhaul-since-1997.html|title=U.K. Scraps FSA in Biggest Bank Regulation Overhaul Since 1997|last=Vina|first=Gonzalo|work=Businessweek|publisher=Bloomberg|accessdate=16 June 2010}}</ref> It focuses on the regulation of conduct by both retail and wholesale financial services firms.<ref>{{cite web|url=http://www.hm-treasury.gov.uk/reform_and_regulation.htm|title=Reform and regulation|date=17 June 2010|publisher=HM Treasury|accessdate=17 June 2010}} [http://nationalarchives.gov.uk-webarchive.info/-/www.hm-treasury.gov.uk/reform_and_regulation.htm Archived here.]</ref>
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The FCA regulates financial firms providing services to consumers and maintains the integrity of the UK’s financial markets.<ref>http://www.businessweek.com/news/2010-06-16/u-k-scraps-fsa-in-biggest-bank-regulation-overhaul-since-1997.html</ref> It focuses on the regulation of conduct by both retail and wholesale financial services firms.<ref>http://www.hm-treasury.gov.uk/reform_and_regulation.htm</ref>
  
 
Like its predecessor the Financial Services Authority (FSA), the FCA is structured as a company limited by guarantee.
 
Like its predecessor the Financial Services Authority (FSA), the FCA is structured as a company limited by guarantee.

Latest revision as of 01:11, 6 August 2021

Group.png Financial Conduct Authority   Powerbase WebsiteRdf-entity.pngRdf-icon.png
Headquarters25 North ColonnadeLondon
A financial regulatory body in the United Kingdom.ti

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.[1]

The FCA regulates financial firms providing services to consumers and maintains the integrity of the UK’s financial markets.[2] It focuses on the regulation of conduct by both retail and wholesale financial services firms.[3]

Like its predecessor the Financial Services Authority (FSA), the FCA is structured as a company limited by guarantee.

 

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References

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