What does the FCA's role include regarding market practices?

The FCA's role regarding market practices primarily involves monitoring and enforcing proper market conduct. This is crucial for maintaining integrity and fairness within the financial markets. The FCA focuses on ensuring that all participants adhere to established standards and regulations, which helps to protect consumers and promote confidence in the financial system. By monitoring how firms conduct their business and enforcing rules that govern market interactions, the FCA plays a vital role in preventing misconduct and ensuring that the financial markets operate smoothly and transparently. Through enforcement actions and compliance checks, the FCA can address any improper practices that may harm market integrity or consumers. This function effectively supports the overall stability and trustworthiness of financial markets.