B. FCA Objectives

Question 1

What 8 regulatory principles do the FCA have to regard?

Answer 1

Efficiency and economy, proportionality, Sustainable growth, consumer responsibility, senior management responsibility, recognising the differences in the business carried out, Openness and disclosure and Transparency.

Question 2

What is the purpose of the FCA objectives?

Answer 2

Provide political and Public accountability, govern the way the FCA carries out its general functions, assist in providing legal accountability.