xmlns:atom="http://www.w3.org/2005/Atom" xmlns:atom="http://www.w3.org/2005/Atom"
Modifications etc. (not altering text)
C1Pt. 6 (ss. 72-103) applied (with modifications) (1.12.2001) by S.I. 1995/1537, Sch. 4 (as amended (1.12.2001) by S.I. 2001/3649, arts. 1, 511)
(1)In discharging its general functions the competent authority must have regard to—
(a)the need to use its resources in the most efficient and economic way;
(b)the principle that a burden or restriction which is imposed on a person should be proportionate to the benefits, considered in general terms, which are expected to arise from the imposition of that burden or restriction;
(c)the desirability of facilitating innovation in respect of listed securities;
(d)the international character of capital markets and the desirability of maintaining the competitive position of the United Kingdom;
(e)the need to minimise the adverse effects on competition of anything done in the discharge of those functions;
(f)the desirability of facilitating competition in relation to listed securities.
(2)The competent authority’s general functions are—
(a)its function of making rules under this Part (considered as a whole);
(b)its functions in relation to the giving of general guidance in relation to this Part (considered as a whole);
(c)its function of determining the general policy and principles by reference to which it performs particular functions under this Part.