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 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


  • Liam Coleman (Chair)
  • Bernadette Conroy 
  • Richard Lloyd
  • Simon Ricketts

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.


  • Richard Lloyd OBE (Chair)
  • Liam Coleman 
  • Jeannette Lichner 
  • Alice Maynard 

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.

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.


  • Alice Maynard (Chair)
  • Liam Coleman 
  • Bernadette Conroy
  • Jeannette Lichner 
  • 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.


  • Richard Lloyd OBE (Chair)
  • Jeannette Lichner
  • Charles Randell

Read about how the Oversight Committee works.

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.


  • Charles Randell (Chair) 
  • Liam Coleman
  • Bernadette Conroy
  • Jeannette Lichner
  • Richard Lloyd OBE
  • Alice Maynard
  • Tommaso Valletti

Page updates

23/11/2021: Link added Anchor links updated