The Financial Conduct Authority Financial Conduct Authority (FCA) is a company limited by guarantee which came into being on the 1st April 2013 a successor organisation to the Financial Services Authority created by The Financial Services Market Act 2000 to regulate the financial services industry in the United Kingdom. The financial services industry funds the FCA through an annual levy. The Management Board of the FCA are appointed by the Treasury which sets overall policy. The day-to-day operation of the FCA is managed by the Executive. The FCA is accountable to Parliament through the Treasury.