The FCA’s Use Of Principles And Outcomes-based On Regulation Flashcards
1
Q
All firms must comply with how many general FCA statements?
A
11
2
Q
The 11 general statements are:
A
Integrity
Skill, care and diligence
Management and control
Financial prudence
Market conduct
Customers interest
Communication with clients
Conflicts of interest
Clients assets
Relationships with regulators
3
Q
The principle based regulations can best be described as:
A
General terms on required behaviours
4
Q
Which FCA statements apply to approved persons?
A
Principles 1-7
