Section 15(3)

The regulations must— require the FCA, so far as is reasonably possible, to exercise functions conferred by the regulations in a manner which is compatible with, or which advances, one or more specified purposes; specify one or more matters to which the FCA must have regard when exercising functions conferred by the regulations; if they require or enable the FCA to make rules, make provision about the procedure for making rules, including provision requiring such consultation with persons likely to be affected by the rules or representatives of such persons as the FCA considers appropriate.

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