SCHEDULE 1Administration and enforcement of Parts 3, 4, and 5
PART 2The FCA and the PRA
Functions of the FCA and the PRA
Functions of the FCA3
1
The FCA has the functions conferred on it by these Regulations.
2
In determining the general policy and principles by reference to which it performs particular functions under these Regulations, and in giving general guidance under these Regulations, the FCA must, so far as is reasonably possible, act in a way which—
a
is compatible with its strategic objective as defined in section 1B(2) of the Act M1 (the FCA's general duties); and
b
advances one or more of its operational objectives as defined in section 1B(3) of the Act.