The Financial Conduct Authority

Financial markets need to be honest, fair and effective so that consumers get a fair deal. It is our aim to make markets work well – for individuals, for business, large and small, and for the economy as a whole. We do this by regulating the conduct of more than 56,000 businesses. We are the prudential regulator for over 24,000 of these firms and the Prudential Regulation Authority (link is external) is the prudential regulator of banks, building societies, credit unions, insurers and designated investment firms. We were established on 1 April 2013, taking over responsibility for conduct and relevant prudential regulation from the Financial Services Authority. Why we do it We are responsible for regulating a sector which plays a critical role in the lives of everyone in the UK and without which the modern economy could not function. From children’s ISAs to pensions, direct debits to credit cards, loans to investments – how well financial markets work has a fundamental impact on us all. UK financial services employ over 2.2 million people and contribute £65.6bn in tax to the UK economy. If UK markets work well, competitively and fairly they benefit customers, staff and shareholders, and maintain confidence in the UK as a major global financial hub. Our role is to help ensure this happens.

Address: 25 The North Colonnade, London E14 5HS, UK

Phone: +44 2030514820
FAX: +44 2035145449