F1PART 1AThe Regulators

Annotations:
Amendments (Textual)
F1

Pt. 1A substituted for Pt. 1 (24.1.2013 for specified purposes, 19.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 6(1), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(b)(c)(2), Sch. Pts. 2, 3, 4; S.I. 2013/423, art. 3, Sch.

CHAPTER 1The Financial Conduct Authority

The FCA's general duties

1DThe integrity objective

1

The integrity objective is: protecting and enhancing the integrity of the UK financial system.

2

The “integrity” of the UK financial system includes—

a

its soundness, stability and resilience,

b

its not being used for a purpose connected with financial crime,

c

its not being affected by F2contraventions by persons of Article 14 (prohibition of insider dealing and of unlawful disclosure of inside information) or Article 15 (prohibition of market manipulation) of the market abuse regulation,

d

the orderly operation of the financial markets, and

e

the transparency of the price formation process in those markets.