PART VAMENDMENTS OF FINANCIAL SERVICES ACT

The Board’s functions under the Regulations54

The functions of the Board under these Regulations shall be treated for the purposes of the Financial Services Act and the Transfer of Functions (Financial Services) Order 199241 as if they were functions under Chapter VI of Part I of that Act which—

a

had been functions of the Secretary of State; and

b

had been transferred to the Board by the Financial Services Act 1986 (Delegation) Order 198742.