Schedule 1ZA, Part 1, paragraph 8

The FCA may make arrangements for any of its functions to be discharged by a committee, sub-committee, officer or member of staff of the FCA, but subject to the following provisions. In exercising its legislative functions, the FCA must act through its governing body. For that purpose, the following are the FCA's legislative functions— making rules under this Act or under assimilated direct legislation; . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . issuing statements under— section 63ZD, 63C, ... 69, 88C, 89S, 93, 124, ... 138N, 142V, 192H, 192N, 210 or 312J, section 345D (whether as a result of section 345(2) , section 249(1) or 261K(1)), or section 80 of the Financial Services Act 2012; giving directions under section 316, 318 or 328. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . making technical standards in accordance with Chapter 2A of Part 9A; making EU Exit instruments under the Financial Regulators’ Powers (Technical Standards) (Amendment etc.) (EU Exit) Regulations 2018. In exercising its functions under sections 9(2) and 10 of the Financial Guidance and Claims Act 2018 (approving and reviewing standards set by Money and Pensions Service), the FCA must act through its governing body. The function of issuing general guidance (as defined in section 139B(5) ...) may not be discharged by an officer or member of staff of the FCA. In respect of the exercise of a function under Part 1 of the Competition Act 1998, the power in sub-paragraph (1) is subject to provision in rules made under section 51 of that Act by virtue of paragraph 1A of Schedule 9 to that Act.

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