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SCHEDULES

SCHEDULE 8Functions of FCA under competition legislation

PART 1Amendments of Financial Services and Markets Act 2000

7(1)Schedule 1ZA to FSMA 2000 (the Financial Conduct Authority) is amended as follows.

(2)In paragraph 8 (arrangements for discharging functions), after sub-paragraph (4) insert—

(5)In respect of the exercise of a function under Part 1 of the Competition Act 1998, the power in sub-paragraph (1) is subject to provision in rules made under section 51 of that Act by virtue of paragraph 1A of Schedule 9 to that Act.

(3)In paragraph 23 (fees), after sub-paragraph (2) insert—

(2A)The functions referred to in sub-paragraph (1)(a) include functions of the FCA under the Competition Act 1998 or the Enterprise Act 2002 as a result of Part 16A of this Act; but this sub-paragraph is not to be regarded as limiting the effect of the definition of “functions” in paragraph 1.