[1S Reviews]
[1S Reviews]

[(1)     The Treasury may appoint an independent person to conduct a review of the economy, efficiency and effectiveness with which the FCA has used its resources in discharging its functions.

(2)     A review may be limited by the Treasury to such functions of the FCA (however described) as the Treasury may specify in appointing the person to conduct it.

(3)     A review is not to be concerned with the merits of the FCA's general policy or principles in complying with its general duties under section 1B(1) and (4) [. . .].

(4)     On completion of a review, the person conducting it must make a written report to the Treasury—

(a)     setting out the result of the review, and