# Financial Services Act 1986 (repealed), Paragraph 3

Extent: E+W+S+N.I.

(1) The agency must have a satisfactory system—
(a) for enabling it to determine whether persons regulated by it are complying with the obligations which it is the responsibility of the agency to enforce; and
(b) for the discharge of the agency’s responsibility for the enforcement of those obligations.
(2) The system may provide for the functions mentioned in sub-paragraph (1)(a) to be performed on its behalf (and without affecting its responsibility) by any other body or person who is able and willing to perform them.

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Source: https://www.legislation.gov.uk/ukpga/1986/60/schedule/7/paragraph/3 (the official version)
Page: https://openlegislation.uk/financial-services-act-1986-repealed/schedule-7/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.