[(1) The power of the FCA to make general rules includes power to make such rules (“product intervention rules”) prohibiting authorised persons from doing anything mentioned in subsection (2) as appear to it to be necessary or expedient for the purpose of advancing—
(a) the consumer protection objective or the competition objective, or
(b) if the Treasury by order provide for this paragraph to apply, the integrity objective.
(2) Those prohibited things are—
(a) entering into specified agreements with any person or specified person;
(b) entering into specified agreements with any person or specified person unless requirements specified in the rules have been satisfied;
(c) doing anything that would or might result in the entering into of specified
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What is recklessness?In respect of some statutory offences and common law crimes the prosecution are required to prove a mental element of recklessness on the part of the defendant.Recklessness means unjustified risk taking on the part of the accused.Prior to the House of Lords decision in Re G
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