Which of the following is NOT one of the objectives of the FCA?

The objective of enhancing financial literacy is not explicitly one of the core objectives of the Financial Conduct Authority (FCA). The FCA focuses on several key areas: protecting consumers (customer protection), promoting competition among financial service providers, and ensuring integrity within the markets.

Customer protection refers to safeguarding the interests of consumers, ensuring they are treated fairly and have access to appropriate financial products. Integrity emphasizes the need for honesty and transparency in the financial markets, fostering trust and confidence. Promoting competition is geared toward ensuring that consumers benefit from a vibrant and competitive financial marketplace, which in turn encourages innovation and better services.

While financial literacy is important and contributes to overall consumer awareness and ability to make informed choices, it is not one of the direct objectives outlined by the FCA. Instead, the FCA’s responsibilities focus more on the regulatory environment and enforcing standards that protect consumers, promote fair competition, and maintain market integrity.