Richard Lloyd has become Interim Chair of the UK Financial Conduct Authority (FCA) taking over from Charles Randell. He joined the FCA Board in April 2019. The FCA is an independent authority, accountable to UK HM Treasury and to Parliament. The Chair of the FCA is appointed by HM Treasury. Charles Randell took up his role as Chair of the FCA and Payment Systems Regulator’s (PSR) Boards in April 2018 until his resignation on 31 May 2022.