5 The protection of consumers.U.K.
(1)The protection of consumers objective is: securing the appropriate degree of protection for consumers.
(2)In considering what degree of protection may be appropriate, the Authority must have regard to—
(a)the differing degrees of risk involved in different kinds of investment or other transaction;
(b)the differing degrees of experience and expertise that different consumers may have in relation to different kinds of regulated activity;
(c)the needs that consumers may have for advice and accurate information; and
(d)the general principle that consumers should take responsibility for their decisions.
[F1(3)Sections 425A and 425B (meaning of “consumers”) apply for the purposes of this section.]
Textual Amendments
F1S. 5(3) substituted (8.4.2010) by Financial Services Act 2010 (c. 28), ss. 24(1), 26(1)(g)(l), Sch. 2 para. 4
Modifications etc. (not altering text)
C1S. 5(3) modified (18.6.2001) by S.I. 2001/1821, arts. 1(1), 3(4)