Financial Conduct Authority

Financial Conduct Authority (FCA) is a regulatory body founded in 2013, with the objective of making financial markets work well for individuals, businesses, and the economy as a whole. Operating within the financial services industry, the FCA is based in London and operates across the United Kingdom, with additional offices in Edinburgh, Belfast, and Cardiff. The organization regulates the conduct of approximately 50,000 businesses, prudentially supervises 48,000 firms, and sets specific standards for around 18,000 firms. The FCA oversees the authorization and registration of firms and individuals to carry out certain activities within the financial sector and ensures that they comply with the established requirements and standards. The organization maintains a proactive approach by supervising authorized firms to ensure ongoing adherence to regulations and standards. Should a firm or individual fail to meet these standards, the FCA possesses a range of enforcement powers that can be utilized. It's important to note that the FCA works in collaboration with the Prudential Regulation Authority (PRA), which serves as the prudential regulator of around 1,500 banks, building societies, credit unions, insurers, and major investment firms. The lack of available information regarding the last investment and associated investors suggests that the FCA may not be directly reliant on traditional venture capital funding, given its regulatory nature and governmental affiliation. As a result, its operations may be more sustained through government funding and regulatory fees, making it a unique entity within the startup and investment landscape.