What’s the Purpose of the Financial Services Register?

Are You Looking To Learn More About the Financial Services Register?
Contributors: Nicola Date, Katherine Read. Edited by Rachel Wait & Reviewed by Francis Hui
What’s the Financial Services Register? Discover What It’s for & Who Should Register With the FCA in 2022. Get All the Answers You Need in This Complete Guide.

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You may be wondering why the Financial Services Register exists. 

Well, every year, thousands of financial scams are reported in the UK, the last thing you want to do is be one of them! 

We’ll tell you how to avoid it right here.

What You’ll Learn in This Article:

    Our dedicated team has spent countless hours researching the financial services landscape in the UK. We’ll help you learn how to identify a scam or fraudster offering unregulated services.

    Read on to find out how!

    Using the Financial Services Register

    Using the Financial Services Register is easy, if you want to check that the firm you’re dealing with is regulated.

    Financial services typically involve the following:

    • Banking
    • Investments
    • Insurance
    • Loans
    • Mortgages
    • Credit cards
    • Money transfer

    The majority of financial services in the UK must be regulated by the Financial Conduct Authority (FCA), which manages the register. 

    Each firm’s regulated services and contacted details can be found on the register, which is publicly available.

    We strongly recommend using the details on the register to avoid falling victim to a scam or unregulated firm!

    Unauthorised Firms

    Unauthorised firms shouldn’t be offering services and products within the industry, and in most cases, are running scams.

    The register now also lists these firms to alert the masses of those that may be making false claims about their authorisation or services.

    Publication of Directory Persons Data

    The register now has data of persons regulated by the FCA, as well as those regulated by both the FCA and Prudential Regulation Authority (PRA).

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    Obtaining Data Extracts

    To obtain data extracts, you can buy a regular subscription or once-off data cut.

    This will give you access to FCA data.

    Alternatively, you can sign up to the FS Register API Developer Portal, which is free.

    Accessing the Register

    You can access the register using any of the following major browsers:

    • Mozilla Firefox
    • Apple Safari
    • Google Chrome
    • Microsoft Edge

    Some of the pages and applications hosted by the FCA require Javascript support and for you to accept session-based cookies.

    Common Questions

    What’s the FCA Register For?

    Who Needs to Register With the FCA?

    How Do I Know if a Financial Advisor Is Legit?

    How Long Does FCA Registration Take?

    In Conclusion

    The best way to avoid falling victim to any suspicious financial advisors is to check if they’re regulated by the FCA.

    Of course, you can do a background check on the service provider you’re considering, but that can only get you so far.

    The Financial Services Register is one way of making sure that you don’t get caught or lose your hard-earned money by dealing with an unregulated firm.

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