Paragraph 1 The Financial Services Act 1986

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. 2 para. 1 transfer of functions by Transfer of Functions (Insurance) 1997 art. 2(3)
Sch. 2 para. 2 transfer of functions by Transfer of Functions (Insurance) 1997 art. 2(3)
Sch. 2 para. 4 transfer of functions by Transfer of Functions (Insurance) 1997 art. 2(3)
Sch. 2 para. 6 transfer of functions by Transfer of Functions (Insurance) 1997 art. 2(3)

The function of revoking a recognition order in respect of a recognised self-regulating organisation whose members include or may include regulated insurance companies on the ground that—

(a)

the requirement specified in paragraph 3(1) of Schedule 10 is not satisfied; or

(b)

the organisation has contravened sub-paragraph (3) or (4) of paragraph 6 of that Schedule as applied by sub-paragraph (5) of paragraph 6.