Regulatory Body
Government agency enforcing regulations.
Real World
The Financial Conduct Authority (FCA) fined Barclays £26m in 2015 for failing to manage conflicts of interest in its gold price-fixing operations.
Exam Focus
Name a specific UK regulatory body (FCA, CMA, Ofgem) rather than a generic 'government agency' — this signals applied knowledge to examiners.
How well did you know this?