The financial sector plays a critical role in the UK economy, making robust regulation essential for protecting consumers, ensuring fair competition, and maintaining market integrity. The Financial Conduct Authority (FCA) is the primary regulatory body overseeing financial conduct in the UK, enforcing rules that businesses must adhere to while safeguarding consumers from financial misconduct.
Financial conduct regulation refers to the legal framework that governs the behavior of financial institutions, ensuring that they operate transparently, fairly, and responsibly. These regulations are designed to prevent fraud, misrepresentation, and unethical practices within the industry.