7(1)Confer supervisory functions on the Financial Conduct Authority, the Commissioners for Her Majesty’s Revenue and Customs and such other bodies as may be prescribed (“supervisory authorities”) in relation to relevant persons, including powers or duties to—
(a)collect information,
(b)give directions,
(c)issue guidance,
(d)approve individuals in their capacity as relevant persons or as owner of, or in positions of control over or responsibility in, relevant persons that are not individuals, and
(e)cooperate with other supervisory authorities or other prescribed persons.
(2)Make provision about the exercise of functions conferred on supervisory authorities under sub-paragraph (1).