There has been published on the Office of Public Sector Information (OPSI) website the Legislative and Regulatory Reform (Regulatory Functions) Order 2007 (2007/3544). This Order comes into force on 6 April 2008. It specifies regulatory functions exercisable by (amongst others) statutory regulators, including FSA and (other than any regulatory function under competition or merger law) the Office of Fair Trading. Any person exercising a specified regulatory function must have regard to a code of practice and therefore principles of good regulation.

View Legislative and Regulatory Reform (Regulatory Functions) Order 2007 (SI 2007/3544), 27 December 2007

View Explanatory Memorandum - Legislative and Regulatory Reform (Regulatory Functions) Order 2007 (SI 2007/3544), (PDF 234KB), 27 December 2007