F1SCHEDULE 1ZAThe Financial Conduct Authority
PART 1General
Arrangements for discharging functions
8
(1)
The FCA may make arrangements for any of its functions to be discharged by a committee, sub-committee, officer or member of staff of the FCA, but subject to the following provisions.
(2)
In exercising its legislative functions, the FCA must act through its governing body.
(3)
For that purpose, the following are the FCA's legislative functions—
(a)
making rules;
F2(b)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(c)
issuing statements under—
(ii)
section 345D (whether as a result of section 345(2) F6, section 249(1) or 261K(1)), or
(iii)
section 80 of the Financial Services Act 2012;
(d)
giving directions under section 316, 318 or 328.
F7(e)
setting standards under section 333H.
F8(3A)
In exercising its functions under sections 9(2) and 10 of the Financial Guidance and Claims Act 2018 (approving and reviewing standards set by single financial guidance body), the FCA must act through its governing body.
(4)
The function of issuing general guidance (as defined in section 139B(5) F9or 333P(9)) may not be discharged by an officer or member of staff of the FCA.
F10(5)
In respect of the exercise of a function under Part 1 of the Competition Act 1998, the power in sub-paragraph (1) is subject to provision in rules made under section 51 of that Act by virtue of paragraph 1A of Schedule 9 to that Act.