We aim to make sure that financial markets work well so that consumers get a fair deal.
This means ensuring that:
To do this we regulate the conduct of over 50,000 businesses – and for many of these we also consider whether they meet prudential standards that reduce the potential harm to the industry and consumers if they fail.
We are funded entirely by the firms that we regulate, through charging them fees to carry out their financial activities. How much they pay is determined by what type of business they are and what activities they carry out.
We are accountable to the Treasury – which is responsible for the UK’s financial system – and Parliament. However, we’re an independent body and we do not receive any funding from the Government.
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.
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