73 Duty of FCA to investigate and report on possible regulatory failure
Financial Services Act 2012 (2012 c 21) | Legislation

Investigations

73  Duty of FCA to investigate and report on possible regulatory failure

(1)     Subsection (3) applies where it appears to the FCA that—

(a)     events have occurred in relation to a regulated person or collective investment scheme which—

(i)     indicated a significant failure to secure an appropriate degree of protection for consumers,

(ii)     had or could have had a significant adverse effect on the integrity of the UK financial system, as defined by section 1D of FSMA 2000 (the integrity objective),

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