Financial Conduct Authority (FCA)

The Financial Conduct Authority (FCA) is a regulatory body in the UK that oversees financial markets and firms to ensure they operate fairly, transparently, and in the best interests of consumers. Established in 2013, the FCA's key functions include protecting consumers, promoting competition, and maintaining the integrity of the financial system. It enforces rules to prevent fraud and misconduct, supervises financial institutions, and has the authority to take action against those who violate regulations. Essentially, the FCA aims to foster trust and stability in the UK’s financial landscape.