ELM Sch 4 Powers exercised

The following powers and related provisions in or under the Act have been exercised by the FSA to make the rules in ELM:

Section 138 (General rule-making power)

Section 150(2) (Actions for damages)

Section 156 (General supplementary powers)

Article 9G(1) (Obtaining information from certified persons etc) of the Regulated Activities Order

Article 9H(1) (Rules prohibiting the issue of electronic money at a discount) of the Regulated Activities Order

The following powers in the Act have been exercised by the FSA to give the guidance in ELM:

Section 157(1) (Guidance)

The following powers and related provisions in or under the Act have been exercised by the FSA in ELM to direct or require:

Section 51 (Applications under this Part)

Article 9D(a) (Applications for certificates) of the Regulated Activities Order

Article 9F(2) (Revocation of certificate on request) of the Regulated Activities Order