“ relevant financial services action ” means action described in section 2(4) taken in relation to services or digital content provided or supplied by a financial services provider;
“ section 2(4) actor ” means— (a) a person who, in reliance on regulations under subsection (4) of section 2, takes action described in that subsection; (b) a data holder or other person who facilitates or does other things in connection with such action.
I27 S. 14 in force at Royal Assent for specified purposes, see s. 142(1)(2) (h)
I28 S. 14 in force at 20.8.2025 in so far as not already in force by S.I. 2025/904 , reg. 2(a)
15 The FCA and financial services interfaces: supplementary U.K.
(1) This section is about provision that regulations under section 14 may or must (among other things) contain.
(2) The regulations—
(a) may require or enable the FCA to impose interface-related requirements that could be imposed by regulations made in reliance on section 7(4) or (5), but
(b) may not require or enable the FCA to require a person to set up an interface body.
(3) The regulations must—
(a) require the FCA, so far as is reasonably possible, to exercise functions conferred by the regulations in a manner which is compatible with, or which advances, one or more specified purposes;
(b) specify one or more matters to which the FCA must have regard when exercising functions conferred by the regulations;
(c) if they require or enable the FCA to make rules, make provision about the procedure for making rules, including provision requiring such consultation with persons likely to be affected by the rules or representatives of such persons as the FCA considers appropriate.
(4) The regulations may—
(a) require the FCA to carry out an analysis of the costs and benefits that will arise if proposed rules are made or proposed changes are made to rules and make provision about what the analysis must include;
(b) require the FCA to publish rules or changes to rules and to provide copies to specified persons;
(c) make provision about the effect of rules, including provision about circumstances in which rules are void and circumstances in which a person is not to be taken to have contravened a rule;
(d) make provision enabling or requiring the FCA to modify or waive rules as they apply to a particular case;
(e) make provision about the procedure for imposing FCA additional requirements;
(f) make provision enabling or requiring the FCA to produce guidance about how it proposes to exercise its functions under the regulations, to publish the guidance and to provide copies to specified persons.
(5) The regulations may require or enable the FCA to impose the following types of requirement on a person as FCA additional requirements—
(a) a requirement to review the person’s conduct;
(b) a requirement to take remedial action;
(c) a requirement to make redress for loss or damage suffered by others as a result of the person’s conduct.
(6) The regulations may require or enable FCA interface rules to require a person listed in subsection (7) to pay fees to an interface body or another person listed in that subsection, or to a person acting on behalf of such a body or person, in connection with activities described in subsection (8).
(7) Those persons are—