Financial Conduct Authority (FCA)
The UK regulator responsible for regulation of the conduct of firms authorised under the Financial Services and Markets Act 2000 ( www.practicallaw.com/7-107-5760) (FSMA). The FCA is also responsible for:
The regulation of conduct in retail and wholesale financial markets.
Supervision of the trading infrastructure that supports retail and wholesale financial markets.
The prudential regulation of firms not regulated by the Prudential Regulation Authority ( www.practicallaw.com/8-524-8233) (PRA).
The FCA was established under Part 1A of FSMA.
Together with the PRA, the FCA is a successor regulator to the Financial Services Authority ( www.practicallaw.com/8-524-8209) (FSA).
For further information, see Practice note, FCA: role, governance and powers ( www.practicallaw.com/6-504-5439) .