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Financial Conduct Authority (FCA)

The Financial Conduct Authority (FCA) replaced the Financial Services Authority (FSA) on 1 April 2013. It is funded entirely by the firms it regulates. The FCA has three main objectives:

(1) Secure an appropriate degree of protection for consumers

(2) Protect and enhance the integrity of the UK financial system

(3) Promote effective competition in the interests of consumers.

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