Section 23(6)

The Treasury may not make regulations under subsection (1)(b), (c) or (d) 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, in the United Kingdom, financial markets and significant markets for financial services function well; to protect consumers; to protect the operation of the Financial Services 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