Which of the following is NOT one of the FCA's statutory objectives?

• A. Protect customers.
• B. Enhance the integrity of the UK financial system.
• C. Help maintain competitive markets and promote effective competition.
• D. Promote higher taxes on financial services.

Answer: (D)

The main idea being tested is what the FCA’s statutory objectives are. The regulator’s goals are to protect consumers, to enhance the integrity of the UK financial system, and to promote effective competition in the interests of consumers. Saying the FCA should promote higher taxes on financial services isn’t part of its remit—tax policy is set by the government, not by the FCA. So, while the other options align with the FCA’s aims, the statement about higher taxes does not fit, making it the correct choice in this context.