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United Kingdom
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Key definition
Financial Conduct Authority definition

What does Financial Conduct Authority mean? The Financial conduct authority (fca) is the UK’s statutory conduct regulator for financial services and markets. In legal practice it is central to FCA authorisation and permissions, compliance with the FCA Handbook (including the Principles for Businesses, SM&CR and the consumer Duty), market conduct obligations and enforcement risk. Established by amendments to the Financial Services and Markets Act 2000 (FSMA) made by the Financial Services Act 2012, the FCA replaced the Financial Services Authority in April 2013. It makes rules, supervises firms, and investigates and enforces breaches. The FCA is the conduct regulator for all authorised firms...

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FCA objectives, regulatory principles and powers post-FSMA 2023: consumer, integrity and competition aims; competitiveness and net zero duties; rulemaking, including DAR, supervision, enforcement and product intervention

Practice notes
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This Practice Note examines the strategic and operational aims and powers of the financial conduct authority (FCA). It reviews the FCA’s objectives and powers in general terms and considers changes brought in by the Financial Services and Markets Act 2023 (FSMA 2023). The FCA was formed on 1 April 2013, assuming responsibility for conduct and relevant prudential regulation from the Financial Services authority (FSA). For more on the FCA and the other UK financial services and markets regulators, see Overview: UK regulators—financial services—overview and Diagram: UK financial services regulatory structure diagram. Guidance on the FCA’s functions and how the FCA works with other regulators and bodies is set out in Practice Note: Financial Conduct Authority—functions. For information on the FCA’s corporate governance and constitution, see Practice Note: FCA—corporate governance, structure and constitution.

Strategic and operational objectives of the FCA

The FCA’s strategic and operational objectives-overview

The FCA has one overarching strategic objective—to ensure that the relevant markets for financial services function well...

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Web page updated on 21/05/2026

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