Part II The Scheme Operator
Financial Services and Markets Act 2000 (2000 c 8) | Legislation

Part II The Scheme Operator

[Duty of FCA]

[2

[(1)]     The FCA must take such steps as are necessary to ensure that the body corporate established by the Financial Services Authority under this Schedule as originally enacted is, at all times, capable of exercising the functions conferred on the scheme operator by or under this Act.]

[(2)     The FCA must exercise any function falling within sub-paragraph (3) in a way which is consistent with enabling the scheme operator, at all times, to qualify as an ADR entity and to meet the [requirements in Schedule 3 to the Alternative Dispute Resolution for Consumer Disputes (Competent Authorities and Information) Regulations 2015].

(3)     The following functions of the FCA fall within this sub-paragraph—

(a)     making rules for the purposes of section 226;

(b)     approving rules made for the purposes of section 227;

(c)     specifying an amount under section 229(4);

(d)     approving rules made under section 230;

(e)     taking steps under sub-paragraph (1);

(f)     appointing or removing members of the board under paragraph 3(2);

(g)     taking steps under paragraph 3A(1);

(h)     making rules under paragraph 7(3);

(i)     making rules under paragraph 13;

(j)     consenting to scheme rules under

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