The Controlled Functions of the Financial Conduct Authority (FCA) are simplifying code names given to various functions within the financial services and relating to the carrying on of regulated activities by a firm. These are specified, under section 59 of the Financial Services and Markets Act[1] which still stands as the reference after the FSA split into the FCA and the PRA.[2] The FCA is solely responsible for all applications for approval for FCA Designated Controlled Functions for all FCA solo regulated firms.[3]
^Financial Services Authority. "Controlled functions". www.fsa.gov.uk. Archived from the original on 26 December 2012. Retrieved 5 July 2013.
^"Why the FSA was split into two bodies". 9 May 2013.
^"About the FCA". Financial Conduct Authority. 20 April 2016.
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