Paragraph 15 I1
(1)
A function may be delegated under paragraph 13 or 14—
(a)
wholly or partly;
(b)
generally or only in specified circumstances;
(c)
unconditionally or subject to specified conditions.
(2)
A delegation does not prevent the regulator (or the person making the delegation, if different) from exercising the function or making other arrangements for its exercise.
(3)
A delegation does not affect any liability or responsibility of the regulator for the exercise of its functions.
Annotations
Commencement
- I1
Sch. 3 para. 15 in force at 1.9.2018 by S.I. 2018/945, reg. 3(b)