PART 1A

The Regulators
CHAPTER 1

The Financial Conduct Authority

The Financial Conduct Authority

The Financial Conduct Authority
1A
1
The body corporate previously known as the Financial Services Authority is renamed as the Financial Conduct Authority.
2
The Financial Conduct Authority is in this Act referred to as “
the FCA
”.
3
The FCA is to have the functions conferred on it by or under this Act.
4
The FCA must comply with the requirements as to its constitution set out in Schedule 1ZA.
5
Schedule 1ZA also makes provision about the status of the FCA and the exercise of certain of its functions.
6
References in this Act or any other enactment to functions conferred on the FCA by or under this Act include references to functions conferred on the FCA by or under—
a
the Insolvency Act 1986,
b
the Banking Act 2009,
c
the Financial Services Act 2012, ...
cza
the Financial Guidance and Claims Act 2018,
czb
the Civil Liability Act 2018,
czc
the Financial Services and Markets Act 2023,
ca
the Alternative Investment Fund Managers Regulations 2013, ...
d
a
qualifying provision
that is specified, or of a description specified, for the purposes of this subsection by the Treasury by order.
e
regulations made by the Treasury under section 8 of the European Union (Withdrawal) Act 2018.
Word in s. 1A(6)(ca) omitted (26.10.2018) by virtue of The Financial Regulators Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1115), regs. 1(2), 7(2)(a)
S. 1A(6)(czb) inserted (20.12.2018) by Civil Liability Act 2018 (c. 29), ss. 11(10)(a), 14
S. 1A(6)(cza) inserted (1.10.2018) by Financial Guidance and Claims Act 2018 (c. 10), s. 37(5), Sch. 3 para. 6; S.I. 2018/1029, reg. 2(q)
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.
Word in s. 1A(6) omitted (22.7.2013) by virtue of The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 1 para. 2
S. 1A(5) applied (31.5.2021 for specified purposes) by The Civil Liability Act 2018 (Financial Conduct Authority) (Whiplash) Regulations 2021 (S.I. 2021/594), regs. 1, 2(2)(a)
Words in s. 1A(6)(d) substituted (31.12.2020) by The Financial Services and Markets Act 2000 (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/632), regs. 1(3), 3; 2020 c. 1, Sch. 5 para. 1(1)
S. 1A(6)(e) and word inserted (26.10.2018) by The Financial Regulators Powers (Technical Standards etc.) (Amendment etc.) (EU Exit) Regulations 2018 (S.I. 2018/1115), regs. 1(2), 7(2)(b)
S. 1A(3) applied (with modifications) (6.4.2018 immediately after 2016 c. 16 (N.I.), s. 8(2) comes into force) by The Financial Services Act 2012 (Mutual Societies) Order 2018 (S.I. 2018/323), art. 1, Sch. 1 para. 2(2)(a) (with art. 3)
S. 1A(6)(ca) inserted (22.7.2013) by The Alternative Investment Fund Managers Regulations 2013 (S.I. 2013/1773), reg. 1, Sch. 1 para. 2
S. 1A modified (26.6.2017) by The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (S.I. 2017/692), regs. 1(2), 63(8) (with regs. 8, 15)
S. 1A(6)(czc) inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), ss. 59(2), 86(3); S.I. 2023/779, reg. 4(oo)
S. 1A applied (8.6.2023 for specified purposes, 7.10.2023 in so far as not already in force) by The Financial Services and Markets Act 2000 (Financial Promotion) (Amendment) Order 2023 (S.I. 2023/612), arts. 1(2), 10(2) (with art. 11)