24 Rules and guidance
Financial Services Act 2012 (2012 c 21) | Legislation

Rules and guidance

24  Rules and guidance

(1)     For sections 138 to 164 of FSMA 2000 substitute—

“Part 9A
Rules and Guidance
Chapter 1
Rule-making Powers
General rule-making powers of the FCA and the PRA
137A The FCA's general rules

(1)     The FCA may make such rules applying to authorised persons—

(a)     with respect to the carrying on by them of regulated activities, or

(b)     with respect to the carrying on by them of activities which are not regulated activities,

as appear to the FCA to be necessary or expedient for the purpose of advancing one or more of its operational objectives.

(2)     Rules made under this section are referred to in this Act as the FCA's general rules.

(3)     The FCA's general rules may make provision applying to authorised persons even though there is no relationship between the authorised persons to whom the rules will apply and the persons whose interests will be protected by the rules.

(4)     The FCA's general rules may contain requirements which take into account, in the case of an authorised person who is a member of a group, any activity of another member of the group.

(5)     The FCA's general rules may not—

(a)

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