FCA is a financial regulatory organization in the United Kingdom, but operates independently of the UK Government and financed by members of the financial services industry. FCA regulates financial firms and aims to maintain the integrity of financial markets in the UK. FCA is responsible for the regulation of both retail and wholesale financial services firms. Like its predecessor FSA, FCA is structured as a company limited by warranty.
The source of FCA’s regulatory authority is the Prudential Regulation Authority of the Bank of England and Financial Policy Committee. The FCA is responsible for about 58,000 workplaces, with 2.2 million employees and where about £ 65.6 billion in annual tax revenue to the UK economy.
FCA wants investors to be able to trust that the companies they organize, have the best interests by providing appropriate products and services.
It takes a proportional approach by prioritizing FCA’s efforts on regions and companies that are at greater risk to their goals.
One of the main goals of FCA is to implement and supervise EU international standards and regulations in the UK.
Today, FCA is considered as the most prestigious institution among supervisory organizations, and brokers that are regulated by this organization and holding a FCA certificates are interpreted as the most reliable companies.