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Section 3RA: Duty of FCA and PRA to review rules

Financial Services and Markets Act 2000 · 2000 c. 8View on legislation.gov.uk

Part 1A: The Regulators — CHAPTER 3: Further provisions relating to FCA and PRA

Each regulator must keep under review generally any rules made by the regulator under this Act or any other enactment (whenever passed or made).

Subsection (1) does not apply to rules made for the purpose of complying with a direction or recommendation of the Financial Policy Committee of the Bank of England under—

section 9H of the Bank of England Act 1998 (directions to FCA or PRA requiring macro-prudential measures), or
section 9Q of that Act (recommendations to FCA and PRA).

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.