6(1)The Authority must maintain arrangements designed to enable it to determine whether persons on whom requirements are imposed by or under this Act [F1, or by any directly applicable Community regulation made under the markets in financial instruments directive,] are complying with them.
(2)Those arrangements may provide for functions to be performed on behalf of the Authority by any body or person who, in its opinion, is competent to perform them.
(3)The Authority must also maintain arrangements for enforcing the provisions of, or made under, this Act [F2or of any directly applicable Community regulation made under the markets in financial instruments directive].
(4)Sub-paragraph (2) does not affect the Authority’s duty under sub-paragraph (1).
Textual Amendments
F1Words in Sch. 1 para. 6(1) inserted (1.4.2007 for certain purposes, otherwise 1.11.2007) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2007 (S.I. 2007/126), regs. 1(2), 3(5), Sch. 5 para. 23(a)
F2Words in Sch. 1 para. 6(3) inserted (1.4.2007 for certain purposes, otherwise 1.11.2007) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2007 (S.I. 2007/126), regs. 1(2), 3(5), Sch. 5 para. 23(b)
Modifications etc. (not altering text)
C1Sch. 1 para. 6 modified (18.7.2002 for certain purposes and 21.8.2002 otherwise) by The Electronic Commerce Directive (Financial Services and Markets) Regulations 2002 (S.I. 2002/1775), regs. 1, 12(2)
C2Sch. 1 Pt. I para. 6(2) applied (with modifications) (17.8.2001) by S.I. 2001/2617, arts. 2(a), 4(3), 8, Sch. 2 para. 3