The Financial Conduct Authority (FCA) is the conduct regulator for financial services firms and financial markets in the UK. It regulates approximately 50,000 firms and sets standards for around 18,000 additional firms. The FCA operates independently of the UK government and is funded by fees charged to the firms it regulates.
The FCA maintains the Financial Services Register, a public record of firms authorised to provide financial services. This register includes banks, insurers, investment firms, mortgage lenders, payment services providers, and consumer credit firms. Each firm is assigned a unique Firm Reference Number (FRN).
The FCA's objectives are to protect consumers, protect financial markets, and promote competition. It has extensive enforcement powers including the ability to fine firms, withdraw authorisation, and prosecute market abuse and financial crime.
BORSCH.AI integrates FCA register data covering over 430,000 firms, linking authorisation status, permissions, and regulatory actions to company records. This enables compliance verification and regulatory risk assessment.