4(1)Each of the following is a supervisory authority—U.K.
(a)the Bank of England;
(b)the Financial Services Authority;
(c)the Council of Lloyd’s;
(d)the Director General of Fair Trading;
(e)a body which is a designated professional body for the purposes of Part 20 of the Financial Services and Markets Act 2000 (c. 8).
(2)The Secretary of State is also a supervisory authority in the exercise, in relation to a person carrying on a business in the regulated sector, of his functions under the enactments relating to companies or insolvency or under the Financial Services and Markets Act 2000.
(3)The Treasury are also a supervisory authority in the exercise, in relation to a person carrying on a business in the regulated sector, of their functions under the enactments relating to companies or insolvency or under the Financial Services and Markets Act 2000.
Commencement Information
I1Sch. 9 para. 4 in force at 24.2.2003 by S.I. 2003/120, art. 2, Sch. (with arts. 3, 4) (as amended (20.2.2003) by S.I. 2003/333, art. 14)