1. FSA, The Failure of the Royal Bank of Scotland (FSA Board Report, December 2011), at pp. 260–266 and 289–290.
2. The Financial Services Bill 2011, introduced into Parliament in January 2012, sets out relevant changes, which will take effect by way of amendments to the Financial Services and Markets Act 2000 (FSMA). References in these notes are to the revised FSMA, incorporating the changes set out in the Financial Services Bill (as set out in a consolidated version of the legislation published by HM Treasury). On the FCA’s objectives and general duties: FSMA, sections 1B-1K.
3. FSMA, sections 137C-137D, section 138M-137N.
4. FSMA, sections 137P-137Q.
5. FSMA, section 234B.