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To ask Her Majesty's Government which department is responsible for establishing the National Crime Agency; whether this has changed; and whether the Office of Fair Trading and the Financial Services Authority will continue to have responsibilities for leading criminal prosecutions or whether these will transfer to the National Crime Agency.
The Home Office has, and has always had, responsibility for establishing the National Crime Agency. Decisions have not yet been made on the future structures for economic crime. We did, however, decide last autumn that criminal powers in relation to market abuse should remain with the FSA's successor body, the Financial Conduct Authority (FCA), at this time, ensuring that the FCA's markets unit will have powers to both regulate and prosecute market abuse.