Financial Conduct Authority FCA: The UK’s Financial Regulator

Find out which browsers are supported by the FS Register, and its regulatory jurisdiction, on its legal information page. As the API is a free service, we do not offer any service-level agreements (SLAs) or guarantees for uptime or issue resolution. This service, currently free of charge, allows users to generate a unique key to access the Register APIs (application programming interfaces), as well as providing self-help support materials. For a full list of the firms we’ve published warnings about, search our Warning List. Find out how to make a complaint about the regulators and how we investigate complaints. Some credit brokers offer high-cost short-term credit without warning of the potential risks.

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The FCA was established on April 1, 2013, and assumed the responsibility for the conduct and relevant prudential regulation from the Financial Services Authority (FSA). The FCA’s statutory objectives were set up under the Financial Services and Markets Act 2000 and amended by the Financial Services Act 2012. The Financial Conduct Authority (FCA) has three operational objectives in support of its strategic goal—to protect consumers, to protect and enhance the integrity of the U.K.

The FCA will supervise banks to ensure they treat customers fairly, encourage innovation and healthy competition, and help the FCA to identify potential risks early so they can take action to reduce the risks. We take an assertive and innovative approach to preventing serious harm, setting higher standards, and promoting positive change in financial services. The new requirements are designed to bolster investor protection and help investors make informed investment decisions, with enhanced labelling and disclosure rules for ESG-oriented investment funds. The FS Register lists firms that we’ve been told are providing regulated products or services without the correct authorisation – or deliberately running scams. We regulate the conduct of around 42,000 businesses in the UK to ensure that financial markets work well. In the meantime, firms are expected to continue to comply with other anti-greenwashing rules, the FCA noted.

Financial Conduct Authority (FCA): The UK’s Financial Regulator

Financial system, and to promote healthy competition between financial services providers in the interests of consumers. The FCA uses criminal, civil, and regulatory enforcement powers to protect consumers and act against firms and individuals that are not authorized. The FCA is an independent public body that charges fees to the firms it regulates.

1. We also expect firms to comply with the rules as soon as they can, without waiting until April 2025,” the FCA said.
2. The FS Register is a public record of firms, individuals and other bodies that are, or have been, authorised by us or the PRA.
3. Firms and individuals providing regulated financial services and offering credit to consumers in the UK must be authorized by the FCA, as established under the Financial Services and Markets Act 2000.
4. In the meantime, firms are expected to continue to comply with other anti-greenwashing rules, the FCA noted.
5. It also includes the different details unauthorised firms give out and whether they’re falsely claiming to be from a genuine, authorised firm (known as a clone firm).

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“Where firms can comply with the rules without requiring this flexibility, they should do so. We also expect firms to comply with the rules as coinbase exchange review soon as they can, without waiting until April 2025,” the FCA said. It also includes the different details unauthorised firms give out and whether they’re falsely claiming to be from a genuine, authorised firm (known as a clone firm).

The FCA, therefore, charges fees to authorized firms that carry out activities regulated by the FCA and other bodies such as recognized investment exchanges. The FS Register lists all firms and individuals involved with regulated activities that we’ve currently or previously approved. The Prudential Regulation Authority (PRA) is responsible for the prudential regulation and supervision of banks, building societies, credit unions, insurers and designated investment firms. You should check the details of any individual carrying out regulated activities on your behalf, especially current roles, and any disciplinary or regulatory action on their record.

We’re committed to protecting consumers, enhancing market integrity, and promoting competition in the interests of consumers. Among other things, the new naming rules require that funds marketed based on sustainability-related terms have names that accurately reflect their sustainability characteristics, and that these ESG exposures are material. For example, at least 70% of a sustainable fund’s assets should have sustainability characteristics.

European Union financial services Regulations and Directives can be found on the EU’s legislation portal EUR-Lex. It also acknowledged that it’s taking longer than expected for some firms to make the required changes. “In recent weeks, we have been encouraged to see good progress made by firms to comply with the rules, and a strong pipeline of fund applications from firms wishing to use the labels,” the regulator said. The FCA has given firms an extra four months to meet the “naming and marketing” requirements fxtm broker reviews and disclosure rules, which are scheduled to come into force on Dec. 2; firms will now have until April 2, 2025, to comply with those rules.

As the regulator of the financial services industry in the United Kingdom, the Financial Conduct Authority (FCA) is responsible for the functioning of the U.K.’s financial markets. The goal of the organization is to ensure honest and fair markets for individuals, businesses, and the economy as a whole. The Authority does this by protecting consumers, protecting the financial markets, and promoting competition. The FCA is an independent financial regulator and falls under the purview of the Treasury, which is responsible for the UK’s financial system, and the Parliament. According to the FCA’s website, the authority regulates the conduct of around 50,000 businesses, supervises 48,000 firms, and sets specific standards for around 18,000 firms. The goal is to ensure honest and fair markets for individuals, businesses of all sizes, and the economy as a whole.

Periodic fees charged to firms provide most of the funding required by the FCA to carry out its statutory duties. These fees are based on factors such as the type of regulated activities undertaken by a firm, the scale of those activities, and the regulatory costs incurred by the FCA. Is proving harder than expected, and in response, the U.K.’s Financial Conduct Authority (FCA) is giving industry firms more time to comply with new requirements for naming sustainable investment funds.

Policy papers and consultations

The FCA’s warning list shows the firms that are suspected to be unauthorized and working without the FCA’s permission. Welcome to the website of the Financial Conduct Authority’s Handbook of rules and guidance. The FCA Handbook contains the complete record of FCA Legal Instruments and presents changes made in a single, consolidated view. You can click ‘Join Up’ to create an account for adding favourites and setting update alerts. We promote effective competition in the interests of consumers and take action to address concerns. Early and High Growth Oversight helps newly authorised firms adapt to our supervision.

Directory Persons data for firms regulated solely by the FCA and by both the FCA and PRA is now published on the FS Register. In the UK, nearly all financial service activities must be authorised or registered by us. The FS Register is a public record of firms, individuals and other bodies that are, or have been, authorised by us or the PRA. Our people work across law, insurance, banking, policy, technology services and more.

Firms and individuals providing regulated financial services and offering credit to consumers in the UK must be authorized by the FCA, as established under the Financial Services and Markets Act 2000. If you carry out specified activities relating to specified instruments without appropriate authorization you may be committing a criminal offense under the FSMA. The FCA has sweeping powers to enforce its mandate, including rule-making and investigative and enforcement powers. The FCA also has the power to raise fees, which is necessary since it is an independent body and does not receive any government funding.