The Firm Registration Number (FRN)
The Firm Registration Number or FRN is a unique identifier assigned to every firm, individual or other body regulated by the Financial Conduct Authority of the United Kingdom (FCA) and the Bank of England Prudential Regulation Authority.
The FCA administers the Financial Services Register which is a public record of all the firms, individuals and other bodies that it regulates. It has information on all firms that are authorized, registered to conduct regulated activities or provide certain regulated products or services in the UK. The regulatory jurisdiction for the Register comes under the Financial Services & Markets Act 2000 (FSMA), Money Laundering Regulations 2007, Payment Services Regulations 2009 and Electronic Money Regulations 2011.
The Prudential Regulation Authority (PRA) is responsible for the prudential regulation and supervision of around 1,700 banks, building societies, credit unions, insurers and major investment firms. It sets standards and supervises financial institutions at the level of the individual firm.