A thermoplastic molding composition characterized by its flame retardance and impact strength is disclosed. The composition contains (A) linear aromatic (co)polycarbonate, (B) a graft (co)polymer having a grafted phase containing the polymerization product of at least one vinyl monomer and a substrate in particulate form that contains crosslinked member selected from the group consisting of (i) rubber containing interpenetrated and inseparable silicone and poly(meth)alkyl acrylate components and (ii) silicone rubber, (C) a phosphorous-containing flame retardant compound, (D) fluorinated polyolefin. The composition containing neither polyalkylene terephthalate nor boron compounds.