Section 284A(6)

Regulations under subsection (3) may— impose criminal liability; confer functions on the FCA or the PRA (including the functions of making rules and giving directions); authorise the FCA or the PRA to require the Council of Lloyd's to exercise functions on its behalf (including functions conferred otherwise than by the regulations); confer jurisdiction on any court or on the Tribunal; provide for fees to be charged by the FCA or the PRA in connection with the carrying out of any of their 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