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Financial Services Act 1986 (Repealed), Cross Heading: Arrangements for discharge of functions is up to date with all changes known to be in force on or before 15 September 2024.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.
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2(1)The agency’s arrangements for the discharge of its functions must comply with the following provisions of this paragraph.
(2)Any [F1statements of principle, rules, regulations and codes of practice must be issued or made] by the governing body of the agency.
(3)Any decision taken in the exercise of other functions must be taken at a level appropriate to the importance of the decision.
(4)In the case of functions to be discharged by the governing body, the members falling respectively within paragraphs (a) and (b) of paragraph 1(3) above must, so far as practicable, have an opportunity to express their opinions.
(5)Subject to sub-paragraphs (2) to (4) above, the arrangements may enable any functions to be discharged by a committee, sub-committee, officer or servant of the agency.
Textual Amendments
F1Words substituted by Companies Act 1989 (c. 40, SIF 27), s. 206(1), Sch. 23 para. 22
Modifications etc. (not altering text)
C1Sch. 7 para. 2 excluded (18.6.2001) by S.I. 2001/1821, art. 2(1)(a)
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