Schedule 4, paragraph 5

The Regulator may make arrangements for any of its functions to be discharged by— This is subject to sub-paragraphs (2) to (4). a committee, sub-committee, officer or member of staff of the Regulator; an officer or member of staff of the FCA. In exercising any functions within sub-paragraph (3), the Regulator must act through its board. The functions referred to in sub-paragraph (2) are— giving general directions under section 54; imposing generally-imposed requirements under section 55. making technical standards in accordance with section 97A; and making EU Exit instruments under the Financial Regulators’ Powers (Technical Standards) (Amendment etc.) (EU Exit) Regulations 2018. The function of issuing general guidance may not be discharged by an officer or member of staff of the Regulator or of the FCA.

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