BIPRU Sch 4 Powers exercised

1The following powers and related provisions in the Act have been exercised by the FSA to make the rules in BIPRU:

Section 138 (General rule-making power)

Section 148(3) (Modification or waiver of rules)

Section 149 (Evidential provisions)

Section 150(2) (Actions for damages) and

Section 156 (General supplementary powers)

2The following additional powers have been exercised by the FSA to make the rules in BIPRU:

Regulation 2(3) (application for permission) of the Capital Requirements Regulations 2006 (SI 2006/3221)

The following power in the Act has been exercised by the FSA to give the guidance in BIPRU:

Section 157(1) (Guidance).