The impact of the Financial Services Act 2012 on functions relating to listing [Archived]

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

  • The impact of the Financial Services Act 2012 on functions relating to listing [Archived]
  • What provisions of the FSA 2012 are relevant to this issue?
  • What provisions of FSMA 2000 are amended?
  • Secondary legislation
  • Consultation papers and regulatory materials

The impact of the Financial Services Act 2012 on functions relating to listing [Archived]

ARCHIVED: This Practice Note has been archived and is not maintained.

The Financial Services Act 2012 (FSA 2012) provided a new framework for financial regulation in the UK from 1 April 2013 and replaced the Financial Services Authority with the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). The FCA was established as an independent conduct of business regulator with a strategic objective of ensuring that the relevant markets function well and operational objectives focused on market integrity, consumer protection and effective competition. The FCA was, amongst other things, charged with exercising functions under Part VI of FSMA 2000 as the UK listing authority.

This Practice Note looks at the impact the FSA 2012 had on functions relating to listing under the FSMA 2000, Pt 6 rules. It states the law as at 1 April 2013. Links are provided to sources, texts and relevant content..

What provisions of the FSA 2012 are relevant to this issue?

  1. FSA 2012, s 6 inserts a new Part 1A (The Regulators) in the FSMA 2000, in substitution for FSMA 2000, ss 1–18. By FSMA 2000, s 3C, both the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) are themselves required, in managing their affairs, to 'have regard to such generally accepted principles of good

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