Revocation of retained EU law Permanent enhancements to FSMA 2000 Power to obligate the regulators to make rules in specified areas
The Act also enables HM Treasury to place obligations on the regulators to make rules in relation to specific areas of regulation. For example, in the Financial Services Act 2021, HM Treasury required that the FCA make rules applying to FCA-regulated investment firms which imposed a variety of prudential requirements, including requirements relating to types and amounts of capital and liquid assets such firms must hold to manage risk.
	In making rules to comply with any obligations, the regulators must continue to act in a way that furthers their objectives and must comply with these obligations insofar as that is compatible with their objectives, and their existing rule-making powers.