PART 1

Regulatory framework
CHAPTER 3

Accountability of regulators

FCA and PRA objectives and regulatory principles

Regulatory principles
27
In section 3B of FSMA 2000 (regulatory principles to be applied by both regulators), in subsection (1) for paragraph (c) substitute—
c
the need to contribute towards achieving compliance by the Secretary of State with section 1 of the Climate Change Act 2008 (UK net zero emissions target) and section 5 of the Environment Act 2021 (environmental targets) where each regulator considers the exercise of its functions to be relevant to the making of such a contribution;
.
S. 27 not in force at Royal Assent, see s. 86(3)
S. 27 in force at 29.8.2023 for specified purposes by S.I. 2023/779, reg. 4(r)
S. 27 in force at 1.1.2025 for specified purposes by S.I. 2023/1382, reg. 12(a) (with reg. 16(1))