Data protection and compliance
FCA
The Financial Conduct Authority: the UK regulator for financial services firms such as banks, lenders, insurers and payment companies.
A plain-English explanation of how this usually works, not legal advice. Rules differ between countries and change over time, so check your own situation. Disclaimer.
You'll hear it as
We'll need FCA authorisation before we can hold customers' money.
Why it matters to you.
Working for an FCA-regulated firm brings extra rules about change, record-keeping and who can do what. They're there for a reason.
Related terms.
Videos.
No video mentions FCA by name yet. These are on the same topic, Business & startups.