DISP Sch 4 Powers Exercised

1

The following powers and related provisions in the Act and in the Ombudsman Transitional Order have been exercised by the FSA to make the rules in DISP:

(1)

Section 138 (General rule-making power)

(2)

Section 156 (General supplementary powers

(3)

Section 226 (Compulsory Jurisdiction)

(4)

Section 229 (Awards)

1(4A)

Section 234 (Funding)

(5)

Schedule 17 paragraph 13 (FSA's procedural rules)

(6)

Article 15 (Record-keeping and reporting requirements relating to relevant complaints) of the Ombudsman Transitional Order.

2

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

(1)

Section 157(1) (Guidance)

3

The following powers and related provisions in the Act have been exercised by the FOS Ltd to make the rules in DISP:

(1)

Section 227 (Voluntary Jurisdiction)

(2)

Section 230 (Costs)

(3)

Schedule 17 paragraph 8 (Guidance)

(4)

Schedule 17 paragraph 14 (The scheme's rules)

(5)

Schedule 17 paragraph 15 (Fees)

(6)

Schedule 17 paragraph 18 (Terms of reference to the scheme)

Table: The powers to make rules relating to the new ombudsman scheme are shared between the FSA and the Financial Ombudsman Service (FOS Ltd). FOS Ltd's rules are subject to FSA consent or approval. The rules made exclusively by FOS Ltd are:13

DISP 2

2.6.9 R

2.6.11 R

DISP 3

3.2.5R

3.2.7R

3.2.8R

3.2.9R

3.2.11R

3.2.12R

3.2.13R

3.3.1R

3.4.1R

3.5.1R

3.5.2R

3.6.1R

3.6.2R

3.6.3R

3.7.1R

3.8.1R(2)

3.8.3R

3.9.10R

3.9.12R

3.9.15R

3.10.1R

DISP 4

All rules

1DISP 5

5.1.6R

15.6 (all rules)

15.8.2R

15.8.4R

15.10.1R

1DISP 5 Annex 1

part 3

1part 4