We regulate the financial services industry in the UK. Our aim is to protect consumers, ensure our industry remains stable and promote healthy competition between financial services providers.
We have rule-making, investigative and enforcement powers that we use to protect and regulate the financial services industry. We are fair and principled in our approach to regulation.
- Regulating: We supervise the conduct of over 50,000 firms, and regulate the prudential standards of those firms not covered by the Prudential Regulation Authority.
- Protecting: We regulate the financial services industry to ensure firms stick to the rules and consumers don’t fall victim to scams or get tied in to unfair contracts.
- Championing: We aim to ensure the financial services industry treats consumers fairly and keeps to our rules and standards.
- Enforcement: The job of enforcement is to help the FCA change behaviour by making it clear that there are real and meaningful consequences for those firms or individuals who don’t play by the rules.