Under which scenario can FCA decisions be challenged in court?

The ability to challenge FCA (Financial Conduct Authority) decisions in court primarily hinges on whether the FCA has met its statutory obligations. When the FCA issues a decision, it is required to follow legal standards and fulfill certain statutory objectives as outlined in its mandate. If stakeholders believe that the FCA has failed in this regard—such as not adhering to the principles set forth in its governing legislation or not adequately considering the impact of its decision—they may have grounds to pursue a judicial review.

This means that if it can be demonstrated that the FCA did not act in accordance with its statutory objectives, affected parties have the option to challenge those decisions in court. This can lead to the court reviewing how the FCA reached its decision and whether it has acted correctly within the confines of the law.

The other scenarios listed do not typically provide a basis for legal challenge against FCA decisions in the same manner. Annual assessments are part of the FCA's operational responsibilities and do not relate to the legality of specific decisions. Misleading promotions involve different regulatory concerns and are not directly linked to the review of the FCA's decision-making process. Similarly, changes in law do provide a framework within which the FCA operates, but do not automatically grant the right to challenge past decisions unless those changes implicate