Financial Conduct Authority—powers

The following Financial Services practice note provides comprehensive and up to date legal information covering:

  • Financial Conduct Authority—powers
  • The FCA's powers as part of the new regulatory arrangements
  • What are the FCA's powers?
  • How does the FCA discharge its powers?
  • Introduction to the FCA powers
  • Product intervention powers
  • Warning notices
  • Financial promotions
  • Unregulated parent undertakings
  • Product intervention powers
  • More...

Financial Conduct Authority—powers

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. Following IP completion day, key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see: Brexit and financial services: materials on the post-Brexit UK/EU regulatory regime.

The FCA's powers as part of the new regulatory arrangements

The FCA forms part of the regulatory structure introduced following the wide political and social desire for a stronger regulatory framework. Along with the creation of new regulatory bodies, revised objectives and functions, the powers will be an important facet of the drive for such a cultural shift. See also Practice Notes: Financial Conduct Authority—structure and constitution, Financial Conduct Authority—objectives and principles, Financial Conduct Authority—functions, and FCA supervisory approach for further information. It is also important to see the FCA's powers in the context of the development of the European regulatory structure.

What are the FCA's powers?

The powers are key mechanisms by which the FCA regulates and supervises firms. While in many respects, these are unchanged from those the predecessor regulator, the Financial Services Authority (FSA), had under the previous forms of the Financial Services and Markets Act 2000 (FSMA 2000), the

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