Disclosure involves the provision of financial and non-financial information to stakeholders interested in the economic activities of an organization. It is standard practice for transparency and accountability in modern businesses.
FCA stands for both the Financial Conduct Authority and Fellow of the Institute of Chartered Accountants in England and Wales. Each represents significant entities in the realms of finance regulation and professional accounting standards, respectively.
The Financial Conduct Authority (FCA) is a regulatory body established in April 2013, responsible for overseeing the conduct of financial services firms in the UK. It aims to ensure integrity, protect consumers, and promote competition within financial markets.
The Financial Services Authority (FSA) was an independent, non-governmental body established in 1997 to regulate the financial services industry in the UK. It was abolished in 2013 with its responsibilities divided between the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).
An independent financial adviser (IFA) is a person or firm licensed under the Financial Services Act to provide unbiased advice on a range of financial products, including pensions, investments, and life assurance. They are distinguished by their lack of commitment to any particular financial institution, ensuring they offer 'best advice' from the entire market.
The UK professional association for insurance broking firms, established in 1987, which represents the views of its members to the Financial Conduct Authority, parliament, and other policymakers.
An investment fund that pools resources from multiple investors to purchase a diversified portfolio of securities, managed either as an actively traded or static investment portfolio.
