| Commentary

33 The general regime

| Commentary

E: FINANCIAL SERVICES AND MARKETS ACT 2000

33 The general regime

Under the regime introduced by the Financial Services and Markets Act 2000, the financial services industry is under the supervision of a single regulator, the Financial Conduct Authority (‘the FCA’)1. The Act equips the FCA with a full range of statutory powers and creates the Financial Services and Markets Tribunal. It also establishes the framework for single ombudsman and compensation schemes to provide further protection for consumers.

In addition to its provisions in the Listing Rules and the Prospectus Rules2, other Sections of the Financial Services and Markets

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