FCA & PRA Regulation
An accessible introduction to the UK's regulators: who the FCA and PRA are, what they expect of firms, and how regulation affects everyday work.
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Request a demoWhat is the difference between the FCA and the PRA?
The Financial Conduct Authority (FCA) regulates conduct across financial services, focusing on how firms treat customers and how markets function. The Prudential Regulation Authority (PRA), part of the Bank of England, oversees the financial soundness of banks, insurers and major investment firms. Many larger firms are dual-regulated by both.
Who needs FCA and PRA regulation training?
This training suits anyone who would benefit from understanding the regulatory environment, and is especially valuable for new joiners to financial services. When staff grasp who the regulators are and why the rules exist, day-to-day decisions are more likely to stay aligned with expectations, reducing the risk of supervisory or enforcement action.
What does FCA and PRA regulation training cover?
This plain-English introduction explains the roles of the FCA and PRA and how they differ, sets out the FCA’s objectives and the Principles for Businesses, and shows how the Handbook, authorisation and supervision affect a firm. It also explains what enforcement means in practice and how regulatory expectations translate into day-to-day responsibilities.
What do the FCA and PRA expect from firms?
The regulators expect firms to meet high-level standards set out in the FCA Handbook, including the Principles for Businesses: integrity, due skill, care and diligence, treating customers fairly and being open with regulators. These flow into how a firm authorises activity, supervises its people and treats customers, underpinned by the Consumer Duty’s outcomes focus.
What your team will learn
- Distinguish between the roles of the FCA and PRA
- Recognise the FCA's objectives and the Principles for Businesses
- Explain how the Handbook and supervision affect your firm
- Recognise how regulatory expectations translate into day-to-day responsibilities
What's included
- ~20 min of focused, scenario-based learning
- CPD accredited (CII)
- Built-in quiz with a configurable pass mark
- Reviewed and kept current with UK regulation
- Time-stamped completion records for your audit trail
How it works
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Assign it in seconds
Enrol a team, a role or your whole firm from the CityREPORTS dashboard, with automated reminders that chase completion for you.
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Your team completes it
Learners work through the course at their own pace on any device, finishing with a short assessment that demonstrates understanding.
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Evidence it to the regulator
Every completion is time-stamped and retained, so you can prove the right people did the right training at any moment.
Frequently asked questions
- What is the difference between the FCA and the PRA?
- The Financial Conduct Authority (FCA) regulates conduct across financial services, focusing on how firms treat customers and how markets function. The Prudential Regulation Authority (PRA), part of the Bank of England, oversees the financial soundness of banks, building societies, insurers and major investment firms. Many larger firms are dual-regulated by both.
- What are the FCA's Principles for Businesses?
- The Principles for Businesses are high-level rules in the FCA Handbook setting the fundamental obligations of regulated firms, for example integrity, skill, care and diligence, treating customers fairly, and being open with regulators. They apply alongside detailed rules and underpin the regulator's expectations, including the Consumer Duty's outcomes focus.
- What is the FCA Handbook?
- The FCA Handbook is the full set of rules and guidance that authorised firms must follow. It includes high-level standards such as the Principles for Businesses, conduct-of-business rules, the SM&CR provisions and sector-specific sourcebooks. Firms use it to understand exactly how regulatory expectations apply to their activities and people.
- Who needs FCA and PRA regulation training?
- Anyone who would benefit from understanding the regulatory environment, and it is especially valuable for new joiners to financial services. When staff grasp who the regulators are and why the rules exist, day-to-day decisions are more likely to stay aligned with regulatory expectations, reducing the risk of supervisory or enforcement action.
Related courses
FCA Conduct Rules
A focused course on the Individual Conduct Rules and what acting with integrity, due skill and care looks like in real situations.
Senior Managers & Certification Regime (SM&CR)
SM&CR training for UK firms covering individual accountability, the Conduct Rules and reasonable steps, helping staff meet FCA and PRA expectations.
Consumer Duty
FCA Consumer Duty training covering the four outcomes and cross-cutting rules, helping every role deliver and evidence good outcomes for retail customers.