Financial Conduct Authority
|
|||
|---|---|---|---|
|
|||
| Consist | April 1, 2013 | ||
| Arose from | Financial Services Authority | ||
| Headquarters | 12 Endeavor Square London | ||
| household | £ 614.4 million (2019) | ||
| Authority management | Christopher Woolard | ||
| Employee | 3951 (2019) | ||
| Website | www.fca.org.uk | ||
The Financial Conduct Authority (FCA) is an independent financial market regulator in the UK . Together with the Bank of England with its Prudential Regulation Authority (PRA), it is a successor to the Financial Services Authority (FSA) and is responsible for financial market supervision in the UK. It regulates more than 59,000 companies. The range of regulated products ranges from Individual Saving Accounts (ISAs) to pension funds, loans and mortgages. The FCA is an independent public agency that is entirely funded by the fees of the companies it regulates. It is regularly accountable to HM Treasury and the UK Parliament .
The goals of the FCA are to protect consumers and financial markets and to promote competition.
The duties and purposes of the FCA are set out in the Financial Services and Markets Act 2000 (FSMA).
Individual evidence
- ^ "Annual Report and Accounts 2018/19, page 83". Retrieved March 12, 2020 .
- ^ "Chief Executive". Retrieved April 9, 2020 .
- ^ "Annual Report and Accounts 2018/19, page 84". Retrieved March 12, 2020 .
- ^ "About the FCA". Retrieved March 12, 2020 .