PART 6Investigation of complaints against regulators

I1C1I2C2C3C485Relevant functions in relation to complaints scheme

1

This section has effect for the interpretation of the reference in section 84(1)(a) to the relevant functions of the regulators.

F22

The relevant functions of the FCA or the PRA are—

a

its functions conferred by or under FSMA 2000, other than its legislative functions, and

b

such other functions as the Treasury may by order provide.

F33

The relevant functions of the Bank of England are—

a

its functions under Part 18 of FSMA 2000 (recognised clearing houses) or under Part 5 of the Banking Act 2009 (F19... payment systems), other than its legislative functions, and

b

such other functions as the Treasury may by order provide.

4

For the purposes of F4subsection (2)(a), the following are the FCA's legislative functions—

a

making rules under FSMA 2000;

b

issuing codes under section F14... 119 of FSMA 2000;

c

issuing statements under—

i

section F963ZD, 63C, F15... 69, 88C, 89S, 93, 124, 131J, 138N, 192H, 192N, 210 F11, 312J or 333K of FSMA 2000,

ii

section 345D of FSMA 2000 (whether as a result of section 345(2) or 345A(3) or section 249(1) F1or 261K(1) of that Act), or

iii

section 80 of the Financial Services Act 2012;

d

giving directions under section 316, 318 or 328 of FSMA 2000;

e

issuing general guidance, as defined in section 139B(5) F12or 333P(9) of FSMA 2000.

F13f

setting standards under section 333H of FSMA 2000.

5

For the purposes of F5subsection (2)(a), the following are the PRA's legislative functions—

a

making rules under FSMA 2000;

F16b

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

c

issuing statements under—

i

section F1063ZD, 63C, F17... 69, 192H, 192N, 210 or 345D of FSMA 2000, or

ii

section 80 of the Financial Services Act 2012;

d

giving directions under section 316 or 318 of FSMA 2000;

e

issuing guidance under section 2I of FSMA 2000.

6

For the purposes of F6subsection (3)(a), the following functions of the Bank of England under Part 18 of FSMA 2000 are legislative functions—

a

making rules;

b

issuing statements—

i

under section 312J, or

ii

by virtue of the application by Schedule 17A of a provision mentioned in subsection (5)(c)(i) of this section.

7

For the purposes of F7subsection (3)(a), the following functions of the Bank of England under Part 5 of the Banking Act 2009 are legislative functions—

a

publishing principles or codes of practice under sections 188 and 189;

b

preparing statements under section 198(3).

F88

For the purposes of subsection (2), sections 1A(6) and F182AB(3) of FSMA 2000 do not apply.