Prescribed functions

4.  The functions of prescribed regulatory authorities which are specified as prescribed functions for the purposes of section 53(8) of the Act are—

(a)in the case of the Board, its functions under the Financial Services Act 1986,

(b)in the case of a body which is a recognised self-regulating organisation, its functions as such, and

(c)in the case of a body which is a recognised self-regulating organisation for friendly societies, its functions as such.