Explanatory Notes

Financial Services and Markets Act 2000

2000 CHAPTER 8

14 June 2000

Commentary on Sections

Schedule 7: the Authority as Competent Authority for Part Vi

Paragraph 5: Statements of policy

815.This paragraph deals with statements of policy made by the competent authority under section 93.  It has the effect of requiring that when the Authority publishes such statements, it must not delegate this function, but must act through its governing body, as provided for in paragraph 5 of Schedule 1.