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Regulation 88 Delegation of powers and duties by the chief executive

Original text. Later amendments are not shown.

(1)

Subject to paragraph (2), the chief executive may delegate all or any of the powers or duties conferred or imposed on the chief executive by or under these Regulations to another staff member of the FSA.

(2)

The chief executive may not, in any particular case, delegate any power or duty under paragraph (1) to a person—

(a)

unless that person has an appropriate level of knowledge, skills and experience to exercise the power or perform the duty;

(b)

if that person works, directly or indirectly, under the management of the person whose conduct is being investigated;

(c)

if that person’s involvement in the role could reasonably give rise to a concern as to whether that person could act impartially under these Regulations.