Sch 3 para 15
(1) A function may be delegated under paragraph 13 or 14— (a) wholly or partly; (b) generally or only in specified circumstances; (c) unconditionally or subject to specified conditions. (2) A delegation does not prevent the regulator (or the person making the delegation, if different) from exercising the function or making other arrangements for its exercise. (3) A delegation does not affect any liability or responsibility of the regulator for the exercise of its functions.