(1) The FCA has the functions and powers conferred on it by these Regulations.

(2) [deleted]

(3) In determining the general policy and principles by reference to which it performs particular functions under these Regulations the FCA 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, or on the carrying on of an activity, should be proportionate to the benefits, considered in general terms, which are expected to result from the imposition of that burden or restriction;

(c) the desirability of sustainable growth in the economy of the United Kingdom in the medium or long term, including in a way consistent with contributing towards achieving compliance by the Secretary of State with -

(i) section 1 (target for 2050) of the Climate Change Act 2008, and

(ii) [Sub-paragraph requires commencement]

where the FCA considers the exercise of its functions to be relevant to the making of such a contribution;

(d) the general principle that consumers should take responsibility for their own decisions;