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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

statutory objectives

      1. 215(1) for the FCA (as described in sections 1B, 1C, 1D and 1E of the Act):
        1. (a) its strategic objective of ensuring that the relevant markets function well; and
        1. (b) its operational objectives:
          1. (i) the consumer protection objective (as defined in section 1C of the Act);
          1. (ii) the integrity objective (as defined in section 1D of the Act); and
          1. (iii) the competition objective (as defined in section 1E of the Act);
      1. (2) for the PRA (as described in sections 2B, 2C and 314A of the Act):
        1. (a) its general objective of promoting the safety and soundness of PRA-authorised persons; and
        1. (b) its insurance objective of contributing to the securing of an appropriate degree of protection for those who are or may become policyholders.