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(1)The body corporate known as the Financial Services Authority (“the Authority”) is to have the functions conferred on it by or under this Act.
(2)The Authority must comply with the requirements as to its constitution set out in Schedule 1.
(3)Schedule 1 also makes provision about the status of the Authority and the exercise of certain of its functions.
Modifications etc. (not altering text)
C1S. 1(3) extended (17.8.2001) by S.I. 2001/2617, arts. 2(a), 4(3), 8, Sch. 2 para. 2