What does the acronym FCA stand for?

The acronym FCA stands for Financial Conduct Authority, which is the regulatory body in the UK responsible for overseeing and enforcing conduct standards in the financial services sector. The FCA's primary objective is to protect consumers, enhance the integrity of the UK financial system, and promote competition. It plays a crucial role in ensuring that financial firms operate in a way that is fair, transparent, and in the best interest of consumers.

Understanding the correct definition of FCA is important as it highlights the agency's role and scope within the UK financial regulatory framework, including its duties and the types of entities it supervises. The other options do not accurately represent the mandate or the responsibilities attributed to the FCA, which is specifically focused on conduct rather than compliance, credit, or consumer aspects alone.