41(1)The functions of the FSA under this Schedule shall be treated for the purposes of [F1Parts 1, 3 and 5 of Schedule 1ZA] to the Financial Services and Markets Act 2000 (c. 8) (general provisions relating to the Authority) as if they were functions conferred on the [F2FCA] under that Act.U.K.
(2)Any penalty under paragraph 25 [F3or 25A] (civil penalties) received by the FSA is to be applied towards expenses incurred by it in connection with its functions under this Schedule or for any incidental purpose.
Textual Amendments
F1Words in Sch. 7 para. 41(1) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 127(5)(b)(i) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F2Word in Sch. 7 para. 41(1) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 127(5)(b)(ii) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F3Words in Sch. 7 para. 41(2) inserted (17.12.2010) by Terrorist Asset-Freezing etc. Act 2010 (c. 38), s. 55(1), Sch. 1 para. 10(4)