What Financial Services and Markets Act 2000, Section 1C: The competition objective requires
Organizations must operate in a manner that promotes effective competition in the interests of consumers, aligning with the FCA's statutory competition objective.
Pillar: Banking & Global Finance · Authority: UK Financial Conduct Authority (FCA) · Version: 1.0.0 · Last updated:
Primary source: https://www.legislation.gov.uk/ukpga/2000/8/section/1C
SHA-256 integrity: 411fe4c079aa5ef52f5048a59647e74c882f1e60a3a241642a96c340e9f3127e
Primary Citations — 7 traced to source
- Section 1C(1): The competition objective is: promoting effective competition in the interests of consumers.
- Section 1C(2): The FCA must, so far as is compatible with acting in a way which advances its consumer protection objective and its integrity objective, discharge its general functions in a way which promotes effective competition in the interests of consumers.
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