UK Statutory Instrument 2016 United Kingdom

The Bank of England and Financial Services Act 2016 (Commencement No. 2) Regulations 2016

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At a glance

Enforced by

FCA, PRA

Enforcement and responsible bodies

The regulators that administer or enforce this legislation.

FCA

Primary

Financial Conduct Authority

Regulation of financial services firms and markets. Supervises banks, insurers, investment firms, payment services, and cryptoasset businesses. Issues authorisations and enforces conduct …

PRA

Prudential Regulation Authority

Part of the Bank of England. Prudentially regulates and supervises around 1,292 banks, building societies, credit unions, insurers, and major investment firms. …

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