Paragraph 2 F1

United Kingdom

(F21)

The FCA must take such steps as are necessary to ensure that the body corporate established by the Financial Services Authority under this Schedule as originally enacted is, at all times, capable of exercising the functions conferred on the scheme operator by or under this Act.

F3(F42)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3)

The following functions of the FCA fall within this sub-paragraph—

(a)

making rules for the purposes of section 226;

(b)

approving rules made for the purposes of section 227;

(c)

specifying an amount under section 229(4);

(d)

approving rules made under section 230;

(e)

taking steps under sub-paragraph (1);

(f)

appointing or removing members of the board under paragraph 3(2);

(g)

taking steps under paragraph 3A(1);

(h)

making rules under paragraph 7(3);

(i)

making rules under paragraph 13;

(j)

consenting to scheme rules under paragraph 14(7), other than rules relating to fees;

(k)

approving the fixing, variation, addition or removal of standard terms under paragraph 18, other than terms relating to the making of payments to the scheme operator; and

(l)

approving arrangements under paragraph 19(3).

Annotations

Textual amendments

F1: Sch. 17 para. 2 and cross-heading substituted (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 11 para. 14 (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3; S.I. 2013/423, art. 3, Sch.
F2: Sch. 17 para. 2(1): Sch. 17 para. 2 renumbered as Sch. 17 para. 2(1) (7.4.2015) by The Alternative Dispute Resolution for Consumer Disputes (Competent Authorities and Information) Regulations 2015 (S.I. 2015/542), reg. 1(2), Sch. 7 para. 1(3)(b)(i) (with reg. 7)
F3: Sch. 17 para. 2(2) omitted (6.4.2026) by virtue of Digital Markets, Competition and Consumers Act 2024 (c. 13), s. 339(1), Sch. 27 para. 5(b); S.I. 2026/284, regs. 1(2), 2(1)(5)
F4: Sch. 17 para. 2(2)(3) inserted (7.4.2015) by The Alternative Dispute Resolution for Consumer Disputes (Competent Authorities and Information) Regulations 2015 (S.I. 2015/542), reg. 1(2), Sch. 7 para. 1(3)(b)(ii) (with reg. 7)

Notes on Schedule 17

Modifications

C1: Sch. 17 applied (1.5.2009 for certain purposes and 1.11.2009 otherwise) by The Payment Services Regulations 2009 (S.I. 2009/209), regs. 1(2), 125 (with reg. 3)
C2: Sch. 17 applied (30.4.2011) by The Electronic Money Regulations 2011 (S.I. 2011/99), reg. 76(2) (with reg. 3)