(1) For the purposes of paragraph 23 of Schedule 1ZA (fees) the functions of the FCA specified by paragraph (3) are to be treated as functions of the FCA under the Act.

(2) For the purposes of paragraph 31 of Schedule 1ZB (fees) the functions of the PRA specified by paragraph (3) are to be treated as functions of the PRA under the Act.

(3) The functions are the functions of the relevant regulator -

(a) under the Financial Services Act (other than Part IV of that Act);

(b) under the Banking Act;

(c) under the 2BCD Regulations;

(d) under the ISD Regulations;

(e) as a result of any saving made by or under the Act from the effect of any repeal or revocation so made.

(4) For the purposes of paragraph 23 of Schedule 1ZA expenditure incurred in meeting a liability -

(a) transferred to the FCA by virtue of paragraph (1) of article 22 or of article 21, or