Financial Conduct Authority and Competition & Markets Authority: Difference between pages

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(FCA).
(CMA).


One of two key regulators for the financial services industry in the UK.  
The UK government department responsible for promoting competition, within and outside the UK, for the benefit of consumers.


The CMA:
*Inquires into mergers, markets, trade practices and the regulation of the major regulated industries under competition law; and
*Enforces consumer protection legislation to tackle practices and market conditions that restrict consumers' choice.


The FCA's responsibilities include:


*Protecting consumers;
The CMA was formed by the merger of the Competition Commission with certain responsibilities of the Office of Fair Trading.
*Ensuring the financial services industry remains stable; and
*Promoting healthy competition between financial services providers.




The Financial Conduct Authority's responsibilities were formerly undertaken by the Financial Services Authority (FSA).
==See also==
 
* [[Antitrust law]]
The former FSA's other responsibilities were substantially transferred to the ''Prudential Regulation Authority (PRA)''.
* [[Challenger bank]]
 
* [[Competition]]
 
* [[Federal Trade Commission]]
== See also ==
* [[Financial Conduct Authority]]  (FCA)
 
* [[BaFin]]
* [[CFTC]]
* [[Competition & Markets Authority]]  (CMA)
* [[Conduct]]
* [[Conduct risk]]
* [[Consumer Financial Protection Bureau]]  (CFPB)
* [[Deferred payment credit]]
* [[Disclosure and Transparency Rules]]
* [[ESG Data and Ratings Code of Conduct Working Group]] (DRWG)
* [[Financial]]
* [[Financial Services Authority]]
* [[FRAND]]
* [[FSMA]]
* [[Insurance]]
* [[Joint Regulatory Oversight Committee]]  (JROC)
* [[Joint Regulatory Oversight Committee]]  (JROC)
* [[LIBOR]]
* [[Merger]]
* [[National Competent Authority]]  (NCA)
* [[Office for Professional Body Anti-Money Laundering Supervision]]
* [[Price walking]]
* [[Prudential Regulation Authority]]  (PRA)
* [[Prudential Regulation Authority]]  (PRA)
* [[Regulation]]
* [[Regulation]]
*[[Senior Managers Regime]]  (SMR)
* [[Sludge practices]]
* [[Supervision]]
* [[Supervision]]
* [[Twin Peaks]]
==Other links==
*[https://www.fca.org.uk/ Financial Conduct Authority home page]
*[https://www.treasurers.org/fca-business-plan/ ACT commentary on the FCA 2021-22 Business Plan, 16 August 2021]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Compliance_and_audit]]
[[Category:Compliance_and_audit]]

Latest revision as of 12:50, 20 January 2024

(CMA).

The UK government department responsible for promoting competition, within and outside the UK, for the benefit of consumers.

The CMA:

  • Inquires into mergers, markets, trade practices and the regulation of the major regulated industries under competition law; and
  • Enforces consumer protection legislation to tackle practices and market conditions that restrict consumers' choice.


The CMA was formed by the merger of the Competition Commission with certain responsibilities of the Office of Fair Trading.


See also