Powers exercised

A. The Financial Conduct Authority (“the FCA”) makes this instrument in the exercise of:

(1) regulation 3 of the Financial Regulators’ Powers (Technical Standards) (Amendment etc.) (EU Exit) Regulations 2018;

(2) the following provisions of the Financial Services and Markets Act 2000 (“the Act”) including as applied by paragraph 3 of Schedule 6 to the Payment Services Regulations 2017 (SI 2017/752) (“the PSRs”) and paragraph 2A of Schedule 3 to the Electronic Money Regulations 2011 (SI 2011/99) (“the EMRs”):

(a) section 137A (the FCA’s general rules);

(b) section 137C (FCA general rules: cost of credit and duration of credit agreements);

(c) section 137R (Financial promotion rules);

(d) section 137T (General supplementary powers);

(e) section 139A (Power of the FCA to give guidance);

(f) section 247 (Trust scheme rules);

(g) section 248 (Scheme particulars rules);