Status: You are viewing the version of the handbook as on 2016-10-03.

statutory objectives

      1. 193(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.