Financial Services and Markets Act 2000 (c. 8)

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Part I U.K. The Regulator

The regulatory objectives U.K.

Valid from 08/04/2010

[F1 [F1 3A Financial stability U.K.

(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.]]

Textual Amendments

F1 S. 3A inserted (8.4.2010) by Financial Services Act 2010 (c. 28), ss. 1(3), 26(1)(a)