UK Regulatory Update — Issue 4: the new competition objective
In UK Regulatory Update — Issue 4, we consider the new role of the FCA as a competition watchdog (as we shall see, of sorts). From legal cutover, it will be a statutory objective and duty of the FCA to promote competition in its role as financial conduct regulator. This is new territory for a UK financial regulator and the FSA/FCA has acknowledged that its thinking and approach will not be fully formulated from day one.
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