Regulation 4 Designation of persons performing regulatory etc. functions
Section 26B of the 1986 Act shall not apply to the following persons, being hereby designated for the purposes of section 36B(2)(a) of that Act—
the Bank of England
the Building Societies Commission
a designated agency within the meaning of the Financial Services Act 1986f1
a recognised self-regulating organisation within the meaning of the Financial Services Act 1986;
a recognised professional body within the meaning of the Financial Services Act 1986;
a transferee body within the meaning of the Financial Services Act 1986;
a recognised self-regulating organisation for friendly societies within the meaning of the Financial Services Act 1986;
the Council of Lloyd's;
the Friendly Societies Commission;
the Chief Registrar of Friendly Societies;
the Assistant Registrar of Friendly Societies for Scotland;
the Central Office of the Registry of Friendly Societies;
the Registrar of Credit Unions for Northern Ireland;
the Assistant Registrar of Credit Unions for Northern Ireland.
The following category of persons is hereby prescribed for the purposes of section 36B(2)(b) of the 1986 Act, namely, persons who are (for the purpose of performing regulatory, supervisory, investigative or registration functions) employed by or otherwise engaged in the service of any person designated under paragraph (1) of this regulation.
Section 26B of the 1986 Act shall not apply in any circumstances to any person who falls within a category of person prescribed for the purposes of section 36B(2) of that Act.
Annotations
Footnotes
- f1