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Santander, a reputable financial institution founded in 2003 and based in the UK, was previously regulated by the Financial Conduct Authority (FCA) under an Investment Advisory License, license number 106054. However, this license is now marked as "Exceeded," which means that while it was once regulated by the FCA, it no longer holds this specific license. While Santander continues to operate and offer various financial services, this exceeded status raises concerns, especially for individuals interested in Santander investments that may require additional regulatory safeguards. For me, this regulatory gap means that if you're considering Santander investments or other financial advisory services, you may not have the same level of protection available with other regulated investment platforms. If you use Santander account for personal banking purposes, this is less of a concern, but for more complex services, the lack of active regulatory oversight can be an issue.