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House of Lords launches probe into FCA objectives

News Team, 09/05/2024


The House of Lords' financial services regulation committee has launched an inquiry into the Financial Conduct Authority (FCA) and the Prudential Regulation Authority’s (PRA) secondary objective of facilitating the UK economy’s growth and international competitiveness.

This growth and competitiveness secondary objective was introduced following the passage of the Financial Services and Markets Act 2023.

The regulator stated that implementing th...


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