Financial Conduct Authority

Financial Conduct Authority link Powerbase Website
Financial Conduct Authority link Powerbase Website
Headquarters	25 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.

References

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[1] ttp://www.hm-treasury.gov.uk/press_43_12.htm

[2] ttp://www.businessweek.com/news/2010-06-16/u-k-scraps-fsa-in-biggest-bank-regulation-overhaul-since-1997.html

[3] ttp://www.hm-treasury.gov.uk/reform_and_regulation.htm

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