Section 54(5)

The regulations may, in particular, make provision— as to the procedure to be followed by competent persons when determining who is to exercise Part I functions in a particular case; as to the steps which must be taken before a competent person exercises, in a particular case, such Part I functions as may be prescribed; as to the procedure for determining, in a particular case, questions arising as to which competent person is to exercise Part I functions in respect of the case; for Part I functions in a particular case to be exercised jointly— and as to the procedure to be followed in such cases; by the CMA and one or more regulators, or by two or more regulators, as to the circumstances in which the exercise by a competent person of such Part I functions as may be prescribed is to preclude the exercise of such functions by another such person; for cases in respect of which Part I functions are being, or have been, exercised by a competent person to be transferred to another such person; for the person (“A”) exercising Part I functions in a particular case— to appoint another competent person (“B”) to exercise Part I functions on A’s behalf in relation to the case; or to appoint officers of B (with B’s consent) to act as officers of A in relation to the case; for notification as to who is exercising Part I functions in respect of a particular case.

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Source: legislation.gov.uk · retrieved 2026-09-04