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Version date: 29 August 2023 - onwards
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85. Relevant functions in relation to complaints scheme

(1) This section has effect for the interpretation of the reference in section 84(1)(a) to the relevant functions of the regulators.

(2) The relevant functions of the FCA or the PRA are -

(a) its functions conferred by or under FSMA 2000, other than its legislative functions and its standards review functions, and

(b) such other functions as the Treasury may by order provide.

(3) The relevant functions of the Bank of England are -

(a) its functions under Part 18 of FSMA 2000 (recognised clearing houses and CSDs) or under Part 5 of the Banking Act 2009 (payment systems) or Part 5A of that Act (wholesale cash distribution), other than its legislative functions, and

(b) such other functions as the Treasury may by order provide.

(4) For the purposes of subsection (2)(a), the following are the FCA's legislative functions -

(a) making rules under FSMA 2000;

(b) issuing codes under section 119 of FSMA 2000;

(c) issuing statements under -

(i) section 63ZD, 63C, 69, 88C, 89S, 93, 124, 131J, 138

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