Skip to main content
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2023 - 20 January 2025
Version 24 of 25

Schedule 1, Part 1

Regulations 9, 10 and 12

Person Functions
The Bank of England, the European Central Bank or the central bank of any country or territory outside the United Kingdom

(a) Its functions as a monetary authority

(b) Its functions in relation to overseeing payment systems, clearing and settlement systems and central securities depositories within the meaning of the CSD regulation

The Bank of England Its functions under Parts 1, 2 and 3 of the Banking Act 2009, under the Investment Bank Special Administration Regulations 2011 and under Schedule 11 to the Financial Services and Markets Act 2023
The FCA The functions conferred on it by or under the Act
The PRA The functions conferred on it by or under the Act
A body (other than a central bank) in a country or territory outside the United Kingdom having (a) functions as a monetary authority or (b) responsibility for overseeing payments systems Its functions as such
A recognised investment exchange (other than an overseas investment exchange) Its functions as such
The body known as the Panel on Takeovers and Mergers All of its functions
The Society of Lloyd's Its regulatory functions
The Competition and Markets Authority

(a) Its functions under the Act