Section 106(3)

In determining the general policy and principles by reference to which it performs particular functions under these Regulations ... the FCA must have regard to— the need to use its resources in the most efficient and economic way; the principle that a burden or restriction which is imposed on a person, or on the carrying on of an activity, should be proportionate to the benefits, considered in general terms, which are expected to result from the imposition of that burden or restriction; the desirability of sustainable growth in the economy of the United Kingdom in the medium or long term , including in a way consistent with contributing towards achieving compliance by the Secretary of State with— where the FCA considers the exercise of its functions to be relevant to the making of such a contribution; section 1 (target for 2050) of the Climate Change Act 2008, and section 5 (environmental targets: effect) of the Environment Act 2021, the general principle that consumers should take responsibility for their own decisions; the responsibilities of those who manage the affairs of persons subject to requirements imposed by or under these Regulations, including those affecting consumers, in relation to compliance with those requirements; the desirability where appropriate of the FCA exercising its functions in a way that recognises differences in the nature of, and objectives of, businesses carried on by different persons subject to requirements imposed by or under these Regulations; the desirability in appropriate cases of the FCA publishing information in relation to persons on whom requirements are imposed by or under these Regulations; the principle that the FCA should exercise its functions as transparently as possible.

← 2 · All articles · 4 →

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