SCHEDULE 1FUNCTIONS RETAINED BY THE SECRETARY OF STATE

The Financial Services Act 19868

The functions under section 61(1)—

a

with respect to a person who is an exempted person by virtue of section 42 in any case in which the contravention or proposed contravention arises or is likely to arise in the course of investment business as respects which the person is exempt; or

b

exercisable by virtue of section 61(1)(a)(ii) or (iii) (injunctions relating to contraventions of sections 47, 56, 57 or 59 or of requirements imposed under section 58(3)).