Financial Conduct Authority

(asked on 8th June 2015) - View Source
Questioner
Louise Haigh Portrait
Louise Haigh
(Labour - Sheffield Heeley)

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, with reference to the Thirteenth Report of the Treasury Committee, Session 2014-15, Press briefing of the Financial Conduct Authority's (FCA) business plan for 2014-15, published 17 March 2015, what assessment he has made of the extent to which the FCA is fulfilling its statutory objectives.

Answered by
Harriett Baldwin Portrait
Harriett Baldwin
Shadow Minister (Business and Trade)
This question was answered on 18th June 2015

The Financial Conduct Authority (FCA) is operationally independent from Government and carries out is functions within the framework of statutory objectives and duties agreed by Parliament.

Under the Financial Services Act 2012 (“the Act”) the FCA is required to prepare an annual report on its performance against its statutory objectives.

A copy of the FCA Annual Report and Accounts 2013/14 can be found at the following address - https://www.gov.uk/government/publications/financial-conduct-authority-annual-report-2013-to-2014

Reticulating Splines