DEPP 3.1 The Regulatory Decisions Committee

1The Regulatory Decisions Committee (RDC) is a committee of the FCA2Board. It is part of theFCA2 It exercises certain regulatory powers on behalf of the FCA2 and is accountable to the FCA2 Board for its decisions generally.

1. (1)

   The RDC is separate from the FCA's2 executive management structure. Apart from its Chairman, none of the members of the RDC is an FCA2employee.

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2. (2)

   All members of the RDC are appointed for fixed periods by the FCA2 Board. The FCA2 Board may remove a member of the RDC, but only in the event of that member's misconduct or incapacity.

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The RDC has its own legal advisers and support staff. The RDC staff are separate from the FCA2 staff involved in conducting investigations and making recommendations to the RDC.