The Financial Conduct Authority (FCA) exists to make sure markets work well so that consumers get a fair deal. This responsibility has been set out for the FCA by the Government, according to the Financial Services Act 2012.
The FCA is funded entirely by the financial services firms it regulates. The FCA is accountable to the Treasury, which is responsible for the UK’s financial system, and Parliament. However the FCA is an independent body and does not receive any Government funding.
The FCA has three statutory objectives:
To help maintain competitive markets and promote effective competition in the interests of consumers
The Prudential Regulation Authority (PRA) was created by the Financial Services Act (2012) and is part of the Bank of England. It will have close working relationships with other parts of the Bank, including the Financial Policy Committee and the Special Resolution Unit.
The PRA role is defined in terms of two statutory objectives:
The PRA’s approach to regulation and supervision has three characteristics:
FIL Investment Services (UK) Limited (FCA reference number 121939), FIL Pensions Management (FCA reference number 144345), both authorised and regulated by the Financial Conduct Authority and FIL Life Insurance Ltd (PRA/FCA registered number 186526) authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and Prudential Regulation Authority. Authorisation can be verified via the FCA Register at http://www.fca.org.uk/
This material is for investment professionals only and should not be relied upon by private investors.
By accessing this website and the pages thereof, you acknowledge that you have read and agree to be bound by the following terms and conditions of use (“Terms and Conditions). Please read the Terms and Conditions carefully before using this website. The contents of this website are communicated by FIL Pensions Management (“Fidelity”), which is authorised and regulated by the Financial Conduct Authority (“FCA”).
Fidelity is authorised to offer products and services described in this website in the United Kingdom. This website is not directed at you if Fidelity is prohibited by any law of any jurisdiction from making the information on this site available to you and is not intended for any use that would be contrary to local law or regulation.
Persons residing outside of the United Kingdom, including but not restricted to the United States of America and Canada, should refer to the offering document of the relevant fund for further specific jurisdictional information (in particular, persons resident in the United States of America should refer to the eligibility criteria and the definition of "US Person" in such documentation). Persons residing outside the United Kingdom should consult their professional advisers as to whether they require any consent or need to observe any other formalities before they can invest in the products described in this website. Fidelity assumes no responsibility for the financial or other consequences arising from the subscription or purchase of the products described in this website.
Fidelity only gives information on products and services and does not provide investment advice based on individual circumstances. Fidelity has expressed its own views and opinions on this website, and these may change. Nothing in this website should be construed as investment, tax, legal or other advice. The information contained herein is current at the date of publication, but is subject to change without notice.
Some of the products referred to in this website constitute "Unregulated Collective Investment Schemes" ("UCIS") for the purposes of the Financial Services and Markets Act 2000 ("FSMA 2000"), and are not recognised schemes under Section 264 of FSMA 2000. Under UK legislation, UCIS may only be promoted to persons who are sufficiently experienced and sophisticated to understand the risks involved in investing in such schemes, and who satisfy certain other criteria. Accordingly, the information in this website is intended exclusively for persons to whom UCIS may be promoted by virtue of the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2005 or the rules of the FCA.
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FIL Pensions Management (Reg. No. 2015142) with registered offices at Oakhill House, 130 Tonbridge Road, Hildenborough, Tonbridge, Kent TN11 9DZ, United Kingdom.
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