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Chapter 1 The Financial Conduct Authority (ss. 1A-1T) |
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The Financial Conduct Authority (s. 1A) |
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1A. The Financial Conduct Authority |
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The FCA's general duties (ss. 1B-1E) |
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1B. The FCA's general duties |
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1C. The consumer protection objective |
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1D. The integrity objective |
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1E. The competition objective |
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1EB. Competitiveness and growth objective |
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Interpretation of terms used in relation to FCA's general duties (ss. 1F-1I) |
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1F. Meaning of "relevant markets" in strategic objective |
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1G. Meaning of "consumer" |
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1H. Further interpretative provisions for sections 1B to 1G |
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1I. Meaning of "the UK financial system" |
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Modifications applying if core activity not regulated by PRA (s. 1IA) |
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1IA. Modifications applying if core activity not regulated by PRA |
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Power to amend objectives (s. 1J) |
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1J. Power to amend objectives |
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Recommendations (ss. 1JA) |
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1JA. Recommendations by Treasury in connection with general duties |
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Guidance about objectives (s. 1K) |
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1K. Guidance about objectives |
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Supervision, monitoring and enforcement (s. 1L) |
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1L. Supervision, monitoring and enforcement |
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Arrangements for consulting practitioners and consumers (ss. 1M-1RA) |
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1M. The FCA's general duty to consult |
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1MA. Composition of Panels |
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1N. The FCA Practitioner Panel |
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1O. The Smaller Business Practitioner Panel |
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1P. The Markets Practitioner Panel |
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1Q. The Consumer Panel |
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1QA. The Listing Authority Advisory Panel |
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1R. Duty to consider representations made by the Panels |
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1RA. Statement of policy on panel appointments |
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Requirements for public consultation (s. 1RB) |
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1RB. Requirements in connection with public consultations |
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Reviews (ss. 1S-1T) |
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1S. Reviews |
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1T. Right to obtain documents and information |
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Chapter 2 The Prudential Regulation Authority (ss. 2A-2P) |
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The Prudential Regulation Authority (s. 2A-2AB) |
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2A. The Prudential Regulation Authority |
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2AB. Functions of the PRA |
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The PRA's general duties (ss. 2B-2J) |
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2B. The PRA's general objective |
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2C. Insurance objective |
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2D. Power to provide for additional objectives |
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2E. Strategy |
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2F. Interpretation of references to objectives |
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2G. Limit on effect of sections 2B to 2D |
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2H. Secondary objectives and duty to have regard to regulatory principles |
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2I. Guidance about objectives |
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2J. Interpretation of Chapter 2 |
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Supervision (s. 2K) |
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2K. Arrangements for supervision of PRA-authorised persons |
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Arrangements for consulting practitioners (ss. 2L-2NA) |
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2L. The PRA's general duty to consult |
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2LA. Composition of Panels |
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2M. The PRA Practitioner Panel |
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2MA. The Insurance Practitioner Panel |
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2N. Duty to consider representations |
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2NA. Statement of policy on panel appointments |
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Requirements for public consultation (s. 2NB) |
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2NB. Requirements in connection with public consultations |
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Reviews (ss. 2O-2P) |
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2O. Reviews |
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2P. Right to obtain documents and information |
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Chapter 3 Further provisions relating to FCA and PRA (ss. 3A-3T) |
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Introductory (s. 3A) |
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⚠ 3A. Meaning of "regulator" |
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Regulatory principles (s. 3B) |
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3B. Regulatory principles to be applied by both regulators |
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Corporate governance (s. 3C) |
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3C. Duty to follow principles of good governance |
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Relationship between FCA and PRA (ss. 3D-3H) |
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3D. Duty of FCA and PRA to ensure co-ordinated exercise of functions |
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3E. Memorandum of understanding |
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3F. With-profits insurance policies |
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3G. Power to establish boundary between FCA and PRA responsibilities |
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3H. Parliamentary control of orders under section 3G |
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Power of PRA to restrain proposed action by FCA (ss. 3I-3L) |
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3I. Power of PRA to require FCA to refrain from specified action |
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3J. Power of PRA in relation to with-profits policies |
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3K. Revocation of directions under section 3I or 3J |
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3L. Further provisions about directions under section 3I or 3J |
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Directions relating to consolidated supervision (ss. 3M-3P) |
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3M. Directions relating to consolidated supervision of groups |
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3N. Revocation of directions under section 3M |
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3O. Further provisions about directions under section 3M |
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3P. Consultation by regulator complying with direction |
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Co-operation with Bank of England (s. 3Q) |
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3Q. Co-operation by FCA with Bank of England |
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Arrangements for provision of services (s. 3R) |
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3R. Arrangements for provision of services |
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Rules (ss. 3RA-3RE) |
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3RA. Duty of FCA and PRA to review rules |
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3RB. Statement of policy relating to review of rules |
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3RC. Requirement to review specified rules |
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3RD. Report on certain reviews |
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3RE. Power of Treasury to require making of rules by regulations |
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Enhancing public understanding of financial matters etc. (s. 3S) |
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3S. The consumer financial education body |
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Interpretation (s. 3T) |
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3T. Interpretation |
