Committees

Article ID: 0bfd16755337142f679f5add650407d7389c8ff986f9bbd5fc6b6b88689f729c

Source ID: regulatory:fca.org.uk

Published At: -

Extraction Method: trafilatura

URL: https://www.fca.org.uk/about/who-we-are/committees

Body Text

Our Board has several committees to which it delegates certain responsibilities. Find out more about the role and membership of each committee.
Audit Committee
The Audit Committee is responsible for reviewing and providing assurance to the FCA Board on matters including:
- The integrity of the FCA’s financial statements, including its annual report, and any other public statements relating to financial performance.
- The effectiveness of the FCA’s internal financial controls, other internal controls and risk management systems.
- The adequacy, effectiveness and security of the internal whistleblowing arrangements
- Fraud detection.
- Systems and controls for the prevention of bribery and corruption.
- Anti-money laundering systems and controls.
- Internal compliance policies and standards.
- The internal audit function.
- The relationship with the National Audit Office (external auditor), including the effectiveness of the external audit process and co-ordination of the external auditor with Internal Audit.
- The effectiveness of the investigation of complaints against the FCA and PSR.
- Review of the Chair’s expenses.
- Potential implications of legal action.
Membership:
- Sophie Hutcherson (Chair)
- Julia Black
- Bernadette Conroy
- Dr Lara Stoimenova
- Bryan Zhang
Oversight Committee
The Oversight Committee is responsible for providing support and advice to the Board on its relationship with the Financial Ombudsman Service, the Financial Services Compensation Scheme and the Payment Systems Regulator. The Committee can extend its scope to carry out other assignments as specifically mandated by the Board.
Membership:
- Anita Kimber (Chair)
- Ashley Alder
- Stéphane Malrait
- Sarah Pritchard
Read about how the Oversight Committee works. Terms of Reference for this committee are included in Corporate Governance of the FCA (PDF).
People Committee
Membership:
- John Ball (Chair)
- Bernadette Conroy
- Anita Kimber
- Bryan Zhang
Terms of Reference for this committee are included in Corporate Governance of the FCA (PDF).
Policy and Rules Committee
Membership:
- Julia Black (Chair)
- Ashley Alder
- John Ball
- Sophie Hutcherson
- Nikhil Rathi
- Sam Woods
Terms of Reference for this committee are included in Corporate Governance of the FCA (PDF).
Risk Committee
The Risk Committee is responsible for:
- Supporting the Board in meeting its responsibilities for an effective system of risk management and appropriate assurance of the adequacy and effectiveness of the FCA’s system of regulation (including policy, authorisation, supervision, enforcement, competition and associated support function activities).
- Ensuring that the FCA achieves its statutory and operational objectives and Mission, including the effectiveness of the mitigation of harm and the safety and soundness of its own operations.
- Oversight of the Regulatory Decisions Committee on behalf of the Board.
Membership:
- Bernadette Conroy (Chair)
- Sophie Hutcherson
- Anita Kimber
- Stéphane Malrait
- Dr Lara Stoimenova
- Bryan Zhang
Terms of Reference for this committee are included in Corporate Governance of the FCA (PDF).
Regulatory Decisions Committee
The Regulatory Decisions Committee (RDC) exercises certain regulatory powers in relation to the giving of warning notices and decision notices on behalf of the FCA, as described in the FCA Handbook.

Metadata (JSON)

{
  "score": 8.4
}