Part 1Special Resolution Regime

F1Chapter 4Information, investigation and enforcement

Enforcement of relevant requirements

83Z1.Delegation of enforcement functions

(1)

The Bank of England may, by agreement made with the F2FCA, delegate to F3the FCA its enforcement functions, subject to such restrictions and conditions, and for such period, as may be specified in the agreement.

(2)

For the purposes of this section—

(a)

“enforcement functions” of the Bank of England are its functions under, or by virtue of—

(i)

section 83ZD;

(ii)

section 83ZF;

(iii)

section 83ZJ;

(iv)

section 83ZL;

(v)

section 83ZO;

(vi)

sections 83ZQ to 83ZZ;

F4(b)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(3)

The Bank of England must make provision for the reimbursement of any expenses incurred by the F5FCA in the performance, in accordance with the terms of any agreement, of any functions delegated under this section.