Section 48(3)

For the purposes of this Part the Bank’s “FMI functions” are the following functions so far as exercisable in relation to FMI entities— its function of making rules under FSMA 2000 (considered as a whole); its function of making technical standards in accordance with Chapter 2A of Part 9A of FSMA 2000; its function of preparing and issuing codes under FSMA 2000 (considered as a whole); its function of determining the general policy and principles by reference to which it performs particular functions under FSMA 2000.

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