FCA (Financial Conduct Authority)
What is the FCA?
The FCA is the Financial Conduct Authority. It’s the UK regulator responsible for making sure financial firms (banks, investment platforms, insurers, lenders) behave properly and treat customers fairly.
What does the FCA do?
It sets rules that firms must follow, checks they’re following them, and takes action when they don’t. It can fine companies, ban individuals from working in finance, and shut down dodgy operators.
The FCA also maintains a public register of authorised firms. If a company isn’t on the register, it’s not allowed to offer financial services in the UK.
Why does FCA authorisation matter?
If a firm is FCA-authorised, you get important protections:
- FSCS protection. Up to £85,000 back if the firm fails
- Access to the Financial Ombudsman. Free dispute resolution if things go wrong
- Regulated standards. Rules on how your money must be held and handled
If you use an unregulated firm, you have none of this. If they disappear with your money, you’re on your own.
How do you check if a firm is authorised?
Search the FCA Register. Enter the company name and check they’re authorised for the services they’re offering. Scammers sometimes clone real firm details, so double-check contact information matches.
Key points about the FCA
- UK’s financial regulator. Sets and enforces rules
- Only use FCA-authorised firms. Otherwise no protection
- Check the register before trusting anyone with your money
More information
Scrimpr links to official sources so you can verify what you’ve learned.