Paragraph 2

(1)

For the purposes of the provisions specified in sub-paragraph (2), functions transferred by this Order are to be treated as functions conferred on the FCA under a provision of FSMA 2000.

(2)

The provisions are—

(a)

section 1A(3) and Schedule 1ZA (which make general provision in relation to the FCA and its functions);

(b)

section 1S (reviews);

(c)

section 3D (duty of FCA and PRA to ensure co-ordinated exercise of functions);

(d)

section 3E (memorandum of understanding);

(e)

sections 3I to 3K^f1 (power of PRA to restrain proposed action by FCA);

(f)

section 139A^f2 (power of the FCA to give guidance); and

(g)

section 415^f3 (jurisdiction in civil proceedings).

Annotations

Footnotes

f1: Sections 1A, 1S, 3D, 3E, and 3I to 3K of, and Schedule 1ZA to, FSMA 2000 are inserted by section 6 of and Schedule 3 to the 2012 Act.
f2: Section 139A of FSMA 2000 is inserted by section 24 of the 2012 Act.
f3: Section 415 of FSMA 2000 is amended by section 16(14)(j) of, and paragraph 24 of Schedule 18 to, the 2012 Act.