Committees | FCA
Committees
First published:
04/04/2016
07/04/2026
See all updates
Our Board has several committees to which it delegates certain responsibilities. Find out more about the role and membership of each committee.
Audit Committee
Oversight Committee
People Committee
Policy and Rules Committee
Risk Committee
Regulatory Decisions Committee
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.
Membership:
Sophie Hutcherson (Chair)
Julia Black
Dr Lara Stoimenova
Bryan Zhang
Oversight Committee
The Oversight Committee is responsible for providing support and advice to the Board on its relationship with the Financial Ombudsman Service, the Financial Services Compensation Scheme and the Payment Systems Regulator. The Committee can extend its scope to carry out other assignments as specifically mandated by the Board.
Membership:
Anita Kimber (Chair)
Ashley Alder
Stéphane Malrait
Sarah Pritchard
Read about how the
Oversight Committee
works. Terms of Reference for this committee are included in
Corporate Governance of the FCA (PDF)
People Committee
Membership:
John Ball (Chair)
Ashley Alder
Anita Kimber
Bryan Zhang
Terms of Reference for this committee are included in
Corporate Governance of the FCA (PDF)
Policy and Rules Committee
Membership:
Julia Black (Chair)
Ashley Alder
John Ball
Sophie Hutcherson
Nikhil Rathi
Sam Woods
Terms of Reference for this committee are included in
Corporate Governance of the FCA (PDF)
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.
Membership:
Bryan Zhang (Chair)
Sophie Hutcherson
Anita Kimber
Stéphane Malrait
Dr Lara Stoimenova
Terms of Reference for this committee are included in
Corporate Governance of the FCA (PDF)
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.
Find out
how the RDC works and who sits on the committee
Read next
Corporate governance of the Financial Conduct Authority (PDF)
06/03/2026
Information changed
Risk Committee updated
03/02/2026
Information changed
People committee membership update
27/01/2026
Information changed
People, Policy/Rules, Risk committee membership update
05/01/2026
Information changed
Oversight Committee member update
07/11/2025
Editorial amendment
Correction to list order for Policy and Rules Committee
06/11/2025
Information changed
Updates to various committees
05/11/2025
Information changed
People Committee membership updated
03/11/2025
Information changed
update to Risk Committee membership.
20/10/2025
Information added
Oversight and Risk Committees member update
10/10/2025
Information changed
Audit Committee membership updated
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Audit Committee
Oversight Committee
People Committee
Policy and Rules Committee
Risk Committee
Regulatory Decisions Committee
In this section
Oversight Committee
Regulatory Decisions Committee (RDC)
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FCA Board
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