1. UK Financial Services Law
  2. Legislation (UK)
  3. Acts
  4. 2012
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  1. Financial Services Act 2012 (c. 21)
  2. Part 2 Amendments of Financial Services and Markets Act 2000 (ss. 6-49)
  3. Financial Conduct Authority and Prudential Regulation Authority (s. 6)
  4. 6. The new Regulators
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 April 2013 - onwards
  Version 4 of 4    

6. The new Regulators

(1) For sections 1 to 18 of the Financial Services and Markets Act 2000 (in this Act referred to as "FSMA 2000") substitute -

"Part 1A The Regulators

Chapter 1 The Financial Conduct Authority

The Financial Conduct Authority

1A The Financial Conduct Authority

(1) The body corporate previously known as the Financial Services Authority is renamed as the Financial Conduct Authority.

(2) The Financial Conduct Authority is in this Act referred to as "the FCA".

(3) The FCA is to have the functions conferred on it by or under this Act.

(4) The FCA must comply with the requirements as to its constitution set out in Schedule 1ZA.

(5) Schedule 1ZA also makes provision about the status of the FCA and the exercise of certain of its functions.

(6) References in this Act or any other enactment to functions conferred on the FCA by or under this Act include references to functions conferred on the FCA by or under  -

(a) the Insolvency Act 1986,

(b) the Banking Act 2009,

(c) the Financial Services Act

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