[ REGULATOR · UNITED KINGDOM ]
FCA compliance, monitored daily.
The Financial Conduct Authority (FCA) is the conduct regulator for the UK's financial services industry, overseeing around 50,000 firms across banking, payments, investments, insurance and consumer credit, and registering cryptoasset businesses for AML purposes.
[ AUTHORITY ]
Financial Conduct Authority at a glance.
- Full name
- Financial Conduct Authority
- Abbreviation
- FCA
- Jurisdiction
- United Kingdom
- Established
- 2013
- Official website
- https://www.fca.org.uk
[ WHAT XHS™ MONITORS ]
Full FCA surface area, in one workspace.
- •FCA Handbook changes — policy statements, consultation papers, guidance
- •Consumer Duty implementation expectations and thematic reviews
- •Financial-promotion rules, including the cryptoasset promotions regime
- •Dear CEO letters, enforcement notices and final notices
- •Changes to the Senior Managers and Certification Regime
- •Cross-cutting initiatives: AI transparency, ESG disclosures, operational resilience, sandbox outcomes
[ KEY OBLIGATIONS ]
What FCA licensees must do.
- 01Hold FCA authorisation for any regulated activity under FSMA 2000 — or register for cryptoasset AML supervision
- 02Comply with the FCA Handbook, including PRIN (Principles for Businesses) and SYSC
- 03Meet the Consumer Duty standard — delivering good outcomes for retail customers across price, products, service and understanding
- 04Follow the Senior Managers and Certification Regime (SMCR) for individual accountability
- 05Run UK-compliant AML, sanctions and financial-crime controls under the MLR 2017
- 06Report regulatory returns, breaches and material events through the RegData portal
[ TRY IT ]
Track FCA change-detection alongside your other authorities.
14-day trial. Pick up to 8 jurisdictions including FCA. No credit card required.
[ LICENCES & PERMITS ]
FCA licence categories.
- •Full FSMA authorisation (banking, insurance, investment, mortgages, consumer credit)
- •Payment Institution (PI) and Small Payment Institution (SPI) under PSRs 2017
- •Electronic Money Institution (EMI) and Small EMI under EMRs 2011
- •Cryptoasset AML registration under MLR 2017
- •Consumer credit licensing (FCA took over from OFT in 2014)
[ CURRENT FOCUS ]
What FCA is emphasising right now.
Consumer Duty enforcement and supervision, the cryptoasset financial-promotions regime, AI governance expectations for regulated firms, operational resilience under the DORA-equivalent rules, and the permissions-gateway "tougher authorisations" programme.
[ QUESTIONS ]
FCA compliance, answered.
How does XHS™ Copilot help with FCA compliance?
XHS™ Copilot ingests the FCA Handbook delta feed, all policy and consultation papers, Dear CEO letters, enforcement notices and speeches. Every material change is summarised by Lens™ AI with impact notes targeted at your firm's permissions and business model.
What is the FCA Consumer Duty?
The Consumer Duty is a higher standard of conduct that requires FCA-regulated firms to deliver good outcomes for retail customers. It covers price and value, product design, customer support, and understanding. It came into force on 31 July 2023 for new and existing products, and 31 July 2024 for closed books.
When was the FCA established?
The FCA was established on 1 April 2013, splitting off from the former Financial Services Authority (FSA) alongside the Prudential Regulation Authority. It assumed consumer-credit regulation from the Office of Fair Trading on 1 April 2014.
Does the FCA regulate crypto?
Partly. The FCA supervises cryptoasset firms for anti-money-laundering purposes under the MLR 2017 and regulates financial promotions of cryptoassets in or to the UK under the cryptoasset promotions regime. A broader FSMA-based regulatory regime for cryptoassets is in development.
What is the FCA Handbook?
The FCA Handbook is the rulebook that sets out how authorised firms must conduct their business. It is organised into 10 blocks (High Level Standards, Prudential, Business, Conduct, Redress, Specialist, Listing, Dispute Resolution, Regulatory Processes, Handbook Guides) and is updated continuously through policy statements.
[ RELATED ]
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