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United Kingdom · Non-EU

Financial Conduct Authority

FCA · Financial supervisory authorityProlific

87Activity Indexmethodology →

Employees

5,510

· group headcount

FY2025/26

Annual budget

£783.5M (~€901M)

FY2025/26 · Annual Funding Requirement

Supervised entities

~42,000

2024

Overview

The FCA is Europe's largest financial conduct regulator — 5,510 staff supervising tens of thousands of firms from London, Edinburgh and Leeds, with new outposts in the US and Asia-Pacific. 2025/26 was the first year of its new five-year strategy, and the numbers show the shift to fewer, faster cases: open investigations fell from 188 to 130 while criminal convictions more than tripled to 17. Everything below is the FCA's own data, from its Annual Report and Accounts 2025/26 and its published operating metrics.

Regulated sectors

BanksPayment institutionsE-money institutionsCrypto-asset service providersInvestment firmsAsset managersInsurance companiesConsumer lendingSecurities markets

Leadership

  • Ashley AlderChair · since 2023
  • Nikhil RathiChief Executive · since 2020
  • Sarah PritchardDeputy Chief Executive · since 2025
  • Sheree HowardExecutive Director, Authorisations

Full board →

Figures as published by Financial Conduct Authority for FY2025/26. Source: Annual Report and Accounts 2025/26. Data as of 31 March 2026. Supplementary: Enforcement data 2025/26.

Organisation (FY2025/26)

ItemValue
Group headcount
5,510
Up from 5,379; as at 31 March 2026
Permanent staff costs
£523.1m (~€612m)
+7.1% year on year
International presence
US, Asia-Pacific, Singapore
New offices opened under the 2025 strategy

Enforcement (FY2025/26)

ItemValue
Final Notices
30
2024/25: 37
Criminal convictions
17
2024/25: 5 — fraud, insider dealing, money laundering; two insider-dealing cases drew a combined 11 years' imprisonment
Fines published (calendar 2025)
£124.2m (~€145m)
FCA's published running total, excluding court fines; largest single fine: £44.1m (Nationwide) — the FCA's largest since August 2022
Open investigations
130
Down from 188 — deliberate shift to fewer, faster cases; over 75% of enforcement work targets financial crime
Warnings about unauthorised firms
2,329
2024: 2,240
New intervention cases
265
137 outcomes: 124 voluntary, 13 own-initiative

Determination times (Q2 2025/26)

Calendar days from application to decision.

ItemLower quartileMedianUpper quartile
New firm authorisation
72
118
188
Variation of permission
41
69
107
Change in control
16
36
65
Approved persons (SM&CR)
15
28
43
Cryptoasset registration (5MLD)
120
123
131

Notable 2025/26

ItemValue
International finfluencer week of action (June 2025, with nine partner regulators)
3 arrests, 6 criminal proceedings, 11 warning letters, 650 social-media takedown requests
Enforcement pace
Ten operations reached a public outcome in 16 months or less between July 2024 and March 2026
Consumer tooling
Firm Checker consumer verification tool launched

Key legislation

  • Financial Services and Markets Act 2000

    Foundational Act

  • Financial Services and Markets Act 2023

    Post-Brexit rewrite; crypto framework

  • Money Laundering Regulations 2017

    AML register for cryptoasset firms

  • Payment Services Regulations 2017

    PSD2 (UK)

Public registers

Application portals

Recent publications

Data as of 31 March 2026 · Source: www.fca.org.uk (authority website) + ComplyBridge researchActivity Index methodology →

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