The Financial Conduct Authority (FCA) is a regulatory body in the United Kingdom responsible for overseeing financial markets and protecting consumers. It establishes rules and standards that financial firms must adhere to, ensuring that they operate fairly and transparently, thus promoting confidence in the financial system. Its role encompasses licensing, compliance monitoring, and enforcing regulations to safeguard against fraud and misconduct.
congrats on reading the definition of Financial Conduct Authority (FCA). now let's actually learn it.