(1) The functions of the Authority under these Regulations are to be treated for the purposes of paragraph 23 of Schedule 1ZA (fees) [Schedule 1ZA inserted by section 6 of and Schedule 3 to the Financial Services Act 2012.] to the 2000 Act as functions conferred on the Authority under that Act with the following modifications -
(a) section 1B(5)(a) of the 2000 Act (FCA’s general duties) [Substituted by section 6 of the Financial Services Act 2012.] does not apply to the making of rules under paragraph 17 by virtue of this regulation;
(b) rules made under paragraph 23 by virtue of this regulation are not to be treated as regulating provisions for the purposes of section 140A(1) [Substituted by section 24 of the Financial Services Act 2012.] of the 2000 Act (competition scrutiny) [Section 159(1) was amended by the Enterprise Act 2002 (c.40), section 278(1) and Schedule 25, paragraph 40, and by S.I. 2006/2975.];
(c) paragraph 23(7) are omitted.
(2) The Authority must in respect of