Committees

The FCA Board has several committees to which it delegates certain function/powers.

Audit Committee

The Audit Committee is responsible for reviewing and providing assurance to the FCA Board on matters including the effectiveness of the FCA’s internal controls, the internal risk management framework and mitigation strategies, the integrity of the financial statements in the annual accounts and the statements that relate to financial controls and internal risk, and for oversight of the external audit process.

Membership:

  • Catherine Bradley CBE (Chair)
  • Amelia Fletcher OBE
  • Simon Ricketts

External Risk and Strategy Committee

The External Risk and Strategy Committee is responsible for the review and oversight of the external risks to the achievement of the FCA’s statutory objectives; the executive’s appetite for such risks; the suitability of the scope and coverage of the mitigation used to reduce the potential impact of such risks; and the effective operation of the Regulatory Decisions Committee.

Membership:

  • Catherine Bradley CBE
  • Amelia Fletcher OBE (Chair) 
  • Richard Lloyd OBE
  • Nick Stace

Regulatory Decisions Committee

The Regulatory Decisions Committee (RDC) exercises certain regulatory powers in relation to the giving of supervisory notices, warning notices and decisions notices on behalf of the FCA as described in the FCA Handbook.

View the Regulatory Decisions Committee members’ biographies
Read about how the Regulatory Decisions Committee works

Remuneration Committee

The Remuneration Committee is responsible for ensuring there is a formal and transparent procedure for developing policy on executive remuneration and for agreeing the remuneration packages of individual directors.

Membership:

  • Baroness Sarah Hogg (Chair)
  • Amelia Fletcher OBE
  • Charles Randell

Oversight Committee

The Oversight Committee is responsible for providing support and advice to the Board on its relationship with the Financial Services Ombudsman and Financial Services Compensation Scheme. The Committee has the ability to extend its scope to carry out other assignments as specifically mandated by the Board.

Membership:

  • Charles Randell (Chair)
  • Baroness Sarah Hogg
  • Nick Stace 

Nominations Committee

The Nominations Committee is responsible for making recommendations for maintaining an appropriate balance of skills on the Board with a view to ensuring the continued ability of the organisation to meet its statutory objectives.

Membership:

  • Catherine Bradley CBE
  • Amelia Fletcher OBE
  • Baroness Sarah Hogg
  • Richard Lloyd OBE
  • Charles Randell (Chair)
  • Nick Stace 
  • Sam Woods

See Corporate governance at the FCA for further details.