C14C13C12C15F1PART 9ARules and Guidance

Annotations:
Amendments (Textual)
F1

Pt. 9A substituted for ss. 138-164 (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 24(1), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3; S.I. 2013/423, art. 3, Sch.

C15CHAPTER 1Rule-making powers

General rule-making powers of the FCA and the PRA

C7C5C3C4C6C1C10C11C16137AThe FCA's general rules

C9C8C161

The FCA may make such rules applying to authorised persons—

a

with respect to the carrying on by them of regulated activities, or

b

with respect to the carrying on by them of activities which are not regulated activities,

as appear to the FCA to be necessary or expedient for the purpose of advancing one or more of its operational objectives.

2

Rules made under this section are referred to in this Act as the FCA's general rules.

C23

The FCA's general rules may make provision applying to authorised persons even though there is no relationship between the authorised persons to whom the rules will apply and the persons whose interests will be protected by the rules.

C24

The FCA's general rules may contain requirements which take into account, in the case of an authorised person who is a member of a group, any activity of another member of the group.

F25

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F36

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F37

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