PART 3Consumer buy-to-let mortgages
Functions of the FCA in relation to this Part20
1
The FCA is to have the functions conferred on it by this Part.
2
In discharging its function of determining the general policy and principles by reference to which it performs particular functions under this Part, the FCA must have regard to—
a
the need to use its resources in the most efficient and economic way;
b
the responsibilities of those who manage the affairs of consumer buy-to-let mortgage firms;
c
the principle that a burden or restriction which is imposed on a person, or on the carrying on of an activity, should be proportionate to the benefits, considered in general terms, which are expected to result from the imposition of that burden or restriction;
d
the desirability of facilitating innovation in connection with consumer buy-to-let mortgage business;
e
the need to minimise the adverse effects on competition that may arise from anything done in the discharging of those functions; and
f
the desirability of facilitating competition in relation to consumer buy-to-let mortgage business.