LUCID CO-OP IS FCA REGULATED
FCA REG No: 123466
What does the FCA do?
The FCA’s primary aim is to ensure financial markets work honestly, fairly and effectively for individuals, businesses and the economy as a whole. It achieves this by:
How does the FCA protect clients?
The FCA’s objective is for consumers to trust that the firms it regulates are providing them with appropriate products and services.
To achieve this, the FCA has three objectives set out in the Financial Services Act 2012:
Before the FCA grants authorisation, firms must demonstrate that they meet a range of requirements. The FCA then supervises these firms to make sure they continue to meet specific standards and rules once they’re authorised. If firms and individuals fail to meet these standards, the FCA can execute a range of enforcement powers.
What does FCA authorised mean?
When applying for authorisation - which can take anything from six to 12 months - businesses must show they are ready, willing and organised to comply with the rules, requirements and standards of the regulatory system.
This means that the business and the people running it are capable of making informed decisions about how to run that business, and are accountable for their actions. They must be: