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Status: You are viewing the version of the handbook as on 2009-03-31.

DEPP 3.1 The Regulatory Decisions Committee

DEPP 3.1.1GRP

1The Regulatory Decisions Committee (RDC) is a committee of the FSA Board. It is part of the FSA. It exercises certain regulatory powers on behalf of the FSA and is accountable to the FSA Board for its decisions generally.

DEPP 3.1.2GRP

  1. (1)

    The RDC is separate from the FSA's executive management structure. Apart from its Chairman, none of the members of the RDC is an FSAemployee.

  2. (2)

    All members of the RDC are appointed for fixed periods by the FSA Board. The FSA Board may remove a member of the RDC, but only in the event of that member's misconduct or incapacity.

DEPP 3.1.3GRP

The RDC has its own legal advisers and support staff. The RDC staff are separate from the FSA staff involved in conducting investigations and making recommendations to the RDC.