Powers exercised by the Financial Conduct Authority
A. The Financial Conduct Authority (“the FCA”) makes this instrument in the exercise of the following powers and related provisions:
(1) the following sections of the Financial Services and Markets Act 2000 (“the Act”):
(a) section 137A (The FCA’s general rules);
(b) section 137B (FCA general rules: clients’ money, right to rescind etc);
(c) section 137T (General supplementary powers);
(d) section 138D (Actions for damages);
(e) section 139A (Power of the FCA to give guidance);
(f) section 213 (The compensation scheme);
(g) section 214 (General);
(h) section 226 (Compulsory jurisdiction);
(i) section 247 (Trust scheme rules);
(j) section 248 (Scheme particulars rules);
(k) section 261I (Contractual scheme rules); and
(l) section 261J (Contractual scheme particulars rules);
(2) regulation 6 (FCA rules) of the Open-Ended Investment Companies Regulations 2001 (SI 2001/1228); and
(3) the other rule and guidance making powers l
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