M
Member
Speaking in the House of Lords on 18 December 2024
Debate
Football Governance Bill [HL]Contribution
This power to restrict overall expenditure—I am happy to be corrected by the Minister—is almost unique among regulators. As far as I am aware, the FCA does not have a blanket power to restrict expenditure. It can do so only if a firm is under investigation or has been found to have seriously breached FCA rules and is deemed a risk to the financial stability of a market.
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