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SCHEDULES

SCHEDULE 1The Financial Services Authority

Part IGeneral

Arrangements for discharging functions

5(1)The Authority may make arrangements for any of its functions to be discharged by a committee, sub-committee, officer or member of staff of the Authority.

(2)But in exercising its legislative functions, the Authority must act through its governing body.

(3)Sub-paragraph (1) does not apply to the non-executive functions.