Section 83Z1

The Bank of England may, by agreement made with the FCA, delegate to the FCA its enforcement functions, subject to such restrictions and conditions, and for such period, as may be specified in the agreement. For the purposes of this section— “enforcement functions” of the Bank of England are its functions under, or by virtue of— section 83ZD; section 83ZF; section 83ZJ; section 83ZL; section 83ZO; sections 83ZQ to 83ZZ; . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . The Bank of England must make provision for the reimbursement of any expenses incurred by the FCA in the performance, in accordance with the terms of any agreement, of any functions delegated under this section.

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