SCHEDULES
SCHEDULE 4The Payment Systems Regulator
Arrangements for discharging functions
5
(1)
The Regulator may make arrangements for any of its functions to be discharged by—
(a)
a committee, sub-committee, officer or member of staff of the Regulator;
(b)
an officer or member of staff of the FCA.
This is subject to sub-paragraphs (2) to (4).
(2)
In exercising any functions within sub-paragraph (3), the Regulator must act through its board.
(3)
The functions referred to in sub-paragraph (2) are—
(a)
giving general directions under section 54;
(b)
imposing generally-imposed requirements under section 55.
(4)
The function of issuing general guidance may not be discharged by an officer or member of staff of the Regulator or of the FCA.