Part I The Regulator

The regulatory objectives

F13AF1Financial stability

1

The financial stability objective is: contributing to the protection and enhancement of the stability of the UK financial system.

2

In considering that objective the Authority must have regard to—

a

the economic and fiscal consequences for the United Kingdom of instability of the UK financial system;

b

the effects (if any) on the growth of the economy of the United Kingdom of anything done for the purpose of meeting that objective; and

c

the impact (if any) on the stability of the UK financial system of events or circumstances outside the United Kingdom (as well as in the United Kingdom).

3

The Authority must, consulting the Treasury, determine and review its strategy in relation to the financial stability objective.