Which organisation would regulate a small firm of high street insurance brokers?

The appropriate regulator for a small firm of high street insurance brokers is the Financial Conduct Authority (FCA). The FCA is primarily responsible for regulating firms that provide financial services, including insurance brokers, ensuring they operate fairly and transparently. It sets standards for conduct, monitors compliance, and protects consumers' interests within the financial services market.

A small high street insurance brokerage would typically fall under the FCA’s regulatory framework, as the firm is likely to be involved in providing services directly to consumers or businesses. The FCA’s role includes overseeing how these companies manage risk, treat customers, and handle claims, which are essential aspects of consumer insurance.

In contrast, while the Prudential Regulation Authority (PRA) focuses more on the financial stability and prudential regulation of larger firms, it does not specifically regulate small firms like a high street brokerage. The British Insurance Brokers' Association, on the other hand, is a trade association that represents the interests of insurance brokers but does not have regulatory authority over them. Therefore, the regulation of a small firm of insurance brokers is primarily the responsibility of the FCA.