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Financial Services (Banking Reform) Act 2013

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Changes over time for: Cross Heading: Arrangements for discharging functions

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Status:

Point in time view as at 18/12/2013. This version of this cross heading contains provisions that are not valid for this point in time. Help about Status

Changes to legislation:

Financial Services (Banking Reform) Act 2013, Cross Heading: Arrangements for discharging functions is up to date with all changes known to be in force on or before 31 October 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

Valid from 18/02/2014

Arrangements for discharging functionsU.K.

Valid from 01/03/2014

5(1)The Regulator may make arrangements for any of its functions to be discharged by—U.K.

(a)a committee, sub-committee, officer or member of staff of the Regulator;

(b)an officer or member of staff of the FCA.

This is subject to sub-paragraphs (2) to (4).

(2)In exercising any functions within sub-paragraph (3), the Regulator must act through its board.

(3)The functions referred to in sub-paragraph (2) are—

(a)giving general directions under section 54;

(b)imposing generally-imposed requirements under section 55.

(4)The function of issuing general guidance may not be discharged by an officer or member of staff of the Regulator or of the FCA.

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