# The Transfer of Functions (Financial Services) Order 1992, Paragraph 1: The Financial Services Act 1986


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.

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Source: https://www.legislation.gov.uk/uksi/1992/1315/schedule/2/paragraph/1 (the official version)
Page: https://openlegislation.uk/transfer-of-functions-financial-services-order-1992/schedule-2/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.