UK Regulatory Structure

Refreshed June 2025 | CPD time: 1 Hour

The Financial Services Act 2012 introduced a so-called ‘twin peaks’ regulatory model which saw two regulators – the FCA and the PRA – assume responsibility for the oversight of financial services in the UK. The regulatory framework also involves other bodies, each with their own specific responsibilities and objectives. This module outlines the current (post-Brexit) UK regulatory structure, the principles of good regulation, and the role of the Treasury, the Bank of England, the FOS, and the FSCS.