What is one of the main objectives of the FCA's supervision tools?

The main objective of the FCA's supervision tools is to ensure compliance with legal requirements. This is crucial because the FCA (Financial Conduct Authority) is fundamentally tasked with regulating and supervising financial firms to protect consumers, maintain market integrity, and promote competition in the financial services sector. The use of supervision tools allows the FCA to monitor firms effectively, assess their compliance with established regulations, and take corrective actions when necessary to ensure that they follow the laws designed to protect both consumers and the market itself. By focusing on compliance, the FCA helps to foster a stable and fair financial environment, which is essential for maintaining public confidence in the financial system.

Other options, while potentially relevant in broader discussions of business objectives, do not align with the primary regulatory and supervisory goals of the FCA. The FCA does not prioritize increasing market share or enhancing employee productivity as its main objectives; rather, its focus is firmly upon maintaining compliance with legal standards to ensure the integrity of the financial system. Additionally, limiting competition is typically contrary to the FCA’s objectives, which aim to promote competition to benefit consumers and the market overall.