Schedule 8, Part 1, paragraph 1(1)

Where the FCA is discharging a function under this Part, section 1B (FCA’s general duties) applies as if— in subsection (1)(b), the reference to one or more of the FCA’s operational objectives were to the purpose mentioned in section 131U(1); subsections (4) and (4A) (promoting effective competition in the interests of consumers and advancing competitiveness and growth) do not apply.

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