Section 262(3)

Regulations under this section may— impose criminal liability; confer functions on the FCA; in the case of provision made by virtue of subsection (2)(l), authorise the making of rules by the FCA; confer jurisdiction on any court or on the Tribunal; provide for fees to be charged by the FCA in connection with the carrying out of any of its functions under the regulations (including fees payable on a periodical basis); modify, exclude or apply (with or without modifications) any primary or subordinate legislation (including any provision of, or made under, this Act); make consequential amendments, repeals and revocations of any such legislation; modify or exclude any rule of law.

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