Schedule 6, Part 2, paragraph 7(1)

The Treasury may not make regulations under paragraph 5 or 6 unless they are satisfied that doing so is compatible with each of the following objectives— to protect and enhance the soundness, stability and resilience of the UK financial system; to protect and enhance public confidence in the UK financial system; to prevent the use of the UK financial system for a purpose connected with financial crime; to ensure that the relevant markets in the United Kingdom function well; to protect consumers; to protect the operation of the compensation scheme; to protect public funds; to maintain and improve relations between the United Kingdom and other countries and territories with significant financial markets or significant markets for financial services.

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Source: legislation.gov.uk · retrieved 2026-09-04