Date-stamp loading
Version status: Omitted | Document consolidation status: Updated to reflect all known changes
Version date: 24 January 2013 - onwards
  Version 5 of 5    

73. General duty of the competent authority

Omitted from 24 January 2013

(1) In discharging its general functions the competent authority must have regard to -

(a) the need to use its resources in the most efficient and economic way;

(b) the principle that a burden or restriction which is imposed on a person should be proportionate to the benefits, considered in general terms, which are expected to arise from the imposition of that burden or restriction;

(c) the desirability of facilitating innovation in respect of listed securities and in respect of financial instruments which have otherwise been admitted to trading on a regulated market or for which a request for admission to trading on such a market has been made;

(d) the international character of capital markets and the desirability of maintaining the competitive position of the United Kingdom;

(e) the need to minimise the adverse effects on competition of anything done in the discharge of those functions;

(f) the desirability of facilitating competition in relation to listed securities and in rel

Comparing proposed amendment...