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PART 4Transfer of directive functions to the Treasury or the FCA
Interpretation of Schedule 2
70. Part 1 of Schedule 2 contains interpretative provisions for the purposes of that Schedule.
Transfer of directive functions to the Treasury
71.—(1) The Treasury may make regulations for the purposes specified in Part 2 of Schedule 2.
(2) The power to make regulations conferred on the Treasury by this regulation is exercisable by statutory instrument.
(3) The regulations may—
(a)contain incidental, supplemental, consequential and transitional provision, and
(b)make different provision for different purposes.
(4) A statutory instrument containing regulations under this regulation is subject to annulment in pursuance of a resolution of either House of Parliament.
Transfer of directive functions to the FCA
72. The FCA may make technical standards for the purposes specified in Part 3 of Schedule 2.
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