The Financial Conduct Authority (FCA) is a regulatory body in the United Kingdom responsible for overseeing financial markets and firms. Established in 2013, its main goal is to protect consumers, ensure market integrity, and promote competition within the financial services sector. The FCA has the authority to create rules and regulations that financial institutions must follow. The FCA supervises a wide range of financial entities, including banks, insurance companies, and investment firms. It also has the power to enforce compliance, investigate misconduct, and impose penalties on firms that violate regulations. By doing so, the FCA aims to maintain trust and stability in the financial system.