Financial Conduct Authority (FCA)

What is the Financial Conduct Authority (FCA)?

The Financial Conduct Authority (FCA) is one of the UK's financial regulatory bodies, sitting alongside the Prudential Regulation Authority and the Bank of England.

Established on the 1st of April 2013, The FCA replaced the Financial Services Authority as regulator, as well as some regulatory elements previously administered by the Office of Fair Trading. The FCA regulates the conduct of more than 58,000 businesses across the UK including banks, building societies and credit unions.

You can search the Financial Conduct Authority Register online for more information about whether a business is regulated using the following address: register.fca.org.uk

checkmyfile, together with all other Credit Reference Agencies, is authorised and regulated by the FCA.

The FCA is a private company limited by guarantee. It operates independently of government, but is accountable to HM Treasury and ultimately to Parliament.

It is financed by charging fees to members of the financial services industry.

The Financial Services Act 2012 requires the Financial Conduct Authority, the Prudential Regulation Authority and the Bank of England to have arrangements for the investigation of complaints against them. These arrangements are known as the Complaints Scheme.

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