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The Financial Services Act 1986 (Delegation) Order 1987
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- UK Statutory Instruments
- 1987 No. 942
- Article 5
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Transfer of functions
5. The functions of the Secretary of State under section 178 of the Act and, to the extent provided in article 6, under section 199 of the Act are hereby transferred to the designated agency subject to a reservation that the functions are to be exercisable by the Secretary of State concurrently with the designated agency and, in the case of functions exercisable by virtue of sections 178 and 199(1)(a) of the Act, so as to be exercisable by the designated agency subject to such conditions or restrictions as the Secretary of State may from time to time impose.
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