the functioning of clearing houses (including central-counterparties) [^F6 and central securities depositories^F6] ;

^F7 ... payment systems;

[^F8 the provision of services relating to payment systems;^F8]

securities settlement systems [^F9 and the internalised settlement of securities^F9] ;

the treatment, holding and issuing of banknotes by the authorised banks (and their agents) under Part 6 of the Banking Act 2009(3);

the custody, distribution and processing of Bank of England banknotes under the Bank of England’s Note Circulation Scheme.^F5]

the registration and provision of a regulated activity as defined in section 8 of the Health and Social Care Act 2008 and the carrying out of any reviews and investigations under Part 1 of that Act; or

[^F11 the functions exercised by the Healthwatch England committee, including any functions of the Care Quality Commission exercised by that committee on its behalf; or

any activities not covered by (a) or (b) in relation to which the Care Quality Commission exercises its functions.^F11]

the quality and sufficiency of water supplied using a water undertaker’s or water supply licensee’s supply system in England and Wales; and

the security of network and information systems in the drinking water supply and distribution sector in England and Wales.^F12]

the administration of the UK’s taxes, including income tax, inheritance tax, corporation tax, capital gains tax, VAT and the excise duties;

the administration of the national insurance and tax credits systems;

Customs and border-related functions; and

criminal investigations.

serious or complex fraud within the meaning of section 1(3) of the Criminal Justice Act 1987; or

civil recovery of the proceeds of unlawful conduct, civil recovery investigations and disclosure orders in relation to confiscation investigations as set out in Part 5 or 8 of the Proceeds of Crime Act 2002(26).

the chief constable for the elected local policing body’s area; or

the Commissioner of Police of the Metropolis, where the elected local policing body is the Mayor’s Office for Policing and Crime.

the carrying on of investment business, of insurance business or of deposit taking business or of any business related to or constituting a regulated activity as defined in section 22 of the Financial Services and Markets Act 2000 and wholesale money market regimes;

the conduct of persons authorised for the purposes of section 31 of the Financial Services and Markets Act 2000 including banks, building societies established under the Building Societies Act 1986(30), consumer credit firms and credit unions within the meaning of the Credit Unions Act 1979(31) or registered under the Credit Unions (Northern Ireland) Order 1985(32), or the Industrial and Provident Societies Act (Northern Ireland) 1969(33), friendly societies within the meaning of the Friendly Societies Act 1974(34) and the Friendly Societies Act 1992(35), insurers, the Society of Lloyd’s incorporated by the Lloyd’s Act 1871(36) and Lloyd’s managing agents;

the conduct of persons who are subject to Part 18 of the Financial Services and Markets Act 2000;

the conduct of persons who are electronic money issuers for the purposes of the electronic money regulations 2011(37);

the conduct of persons who are payment service providers for the purposes of the [^F19Payment Services Regulations 2017^F19] ;

the operation of small UK Alternative Investment Fund Managers registered under regulation 10 of the Alternative Investment Fund Managers Regulations 2013(38);

the operation of societies registered under the Friendly Societies Act 1974 and the Friendly Societies Act 1992, including friendly societies, benevolent societies, working men’s clubs, specially authorised societies;

the operation of “registered societies” within the meaning of the Co-operative and Community Benefit Societies Act 2014 ( 39 );

the conduct of persons subject to rules made under Part 6 of the Financial Services and Markets Act 2000;

competition in relation to the provision of financial services and the financial services markets;

^F20 the functioning of financial markets; ...

money laundering, financial crime, and other serious financial misconduct, in connection with activities regulated by the Financial Conduct Authority.

[^F21 the conduct of persons who are subject to—

[^F24 the conduct of persons subject to designated activity rules made under section 71N of the Financial Services and Markets Act 2000 by virtue of regulation 6 of the Consumer Composite Investments (Designated Activities) Regulations 2024;^F24,F23]] [^F25 and

[^F26 the conduct of persons regulated under the Securitisation Regulations 2024 or under rules made by the Financial Conduct Authority relating to securitisation;^F26,F25]]

[^F27 the conduct of self-regulatory organisations in relation to compliance with their supervision requirements as defined in regulation 2 of the Oversight of Professional Body Anti-Money Laundering and Counter Terrorist Financing Supervision Regulations 2017 or the requirements imposed on self-regulatory organisations by or under those Regulations;

the conduct of persons who are supervised contributors within the meaning of Article 3(1)(10) of Regulation (EU) no. 2016/1011 of the European Parliament and of the Council of 8 June 2016 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014;

the conduct of persons who are Miscellaneous BM persons within the meaning of regulation 5(2) of the Financial Services and Markets Act 2000 (Benchmarks) Regulations 2018 in relation to relevant requirements as defined in regulation 2(1) of those Regulations;

the conduct of persons subject to functions conferred on the Financial Conduct Authority under Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4th July 2012 on OTC derivatives, central counterparties and trade repositories^F27][^F28 ;

the conduct of persons subject to functions conferred on the Financial Conduct Authority under Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012;

the conduct of persons subject to functions conferred on the Financial Conduct Authority under Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies; and

^F29 ...^F28]

[^F31 exercising the functions of the competent authority under the Statutory Auditors and Third Country Auditors Regulations 2016 and under Regulation (EU) 537/2014 of the European Parliament and of the Council on specific requirements regarding statutory audit of public-interest entities;^F31]

^F32 the independent oversight of the regulation of the accountancy, ... and actuarial professions;

the independent supervision of Auditors General (as defined in section 1226 of the Companies Act 2006)(41);

^F33 the monitoring of ... major local audits (as defined in that paragraph as applied by paragraph 28 of Schedule 5 to the Local Audit and Accountability Act 2014(42));

[^F34 exercising, in relation to third country auditors (as defined by section 1261 of the Companies Act 2006), functions—

compliance with the requirements of legislation relating to accounting and reporting; and

[^F35 the investigation of, and enforcement action in relation to, conduct of members of the accountancy and actuarial professions in matters which raise or appear to raise important issues affecting the public interest;^F35]

[^F36 the investigation of, and enforcement action in relation to, the conduct of local auditors (as defined by section 4(1)(b) of the Local Audit and Accountability Act 2014), ^F37... in public interest cases (as defined in paragraph 24 of Schedule 10 to the Companies Act 2006 as applied by paragraph 28 of Schedule 5 of the Local Audit and Accountability Act 2014).^F36]

the generation, transmission, distribution and supply of electricity, participation in the operation of an electricity interconnector (as defined in section 4(3E) of the Electricity Act 1989(45));

providing a smart meter communication service (as defined in section 4(3G) of that Act) and activities ancillary to these matters;

the transportation, shipping and supply of gas through pipes, participation in the operation of a gas interconnector (as defined in section 5(8) of the Gas Act 1986(46));

^F39 providing a smart meter communication service (as defined in section 5(11) of that Act) and activities ancillary to these matters; ...

the renewable generation of heat (as defined in section 100(3) of the Energy Act 2008(47)) and activities ancillary to that matter [^F40; and

any activities not covered by (a) to (e) in relation to which the Gas and Electricity Markets Authority has functions.^F40]

the registration and fitness to practise of a member of a profession regulated by the Council; and

any activities not covered by (a) in relation to which the Council has functions.

the registration and fitness to practise of a member of a profession regulated by the Council; and

any activities not covered by (a) in relation to which the Council has functions.

the registration and fitness to practise of a member of a profession regulated by the Council; and

any activities not covered by (a) in relation to which the Council has functions.

the registration and fitness to practise of a member of a profession regulated by the Council; and

any activities not covered by (a) in relation to which the Council has functions.

the registration and fitness to practise of a member of a profession regulated by the Council; and

any activities not covered by (a) in relation to which the Council has functions.

the registration and fitness to practise of a member of a profession regulated by the Council;

any activities not covered by (a) in relation to which the Council has functions.

any activities not covered by (a) or (b) in relation to which the Council has functions.^F41]

the registration and fitness to practise of a member of a profession regulated by the Council; and

any activities not covered by (a) in relation to which the Council has functions.

furthering the improvement in the quality of health care (within the meaning of section 10A of the National Health Service (Scotland) Act 1978); and

any activities not covered by (a) in relation to which Healthcare Improvement Scotland has functions.

the regulation and inspection of establishments and agencies under Part 2 of the Care Standards Act 2000(57);

the inspection of the functions of local authorities in England referred to in section 135 (c) to (e) of the Education and Inspections Act 2006(58);

the inspection of children’s services under section 20 of the Children Act 2004(59);

the review of Local Safeguarding Children Boards under section 15A of the Children Act 2004;

the inspection, under section 87 of the Children Act 1989(60), of the welfare of children provided with accommodation by boarding schools and further education colleges;

the inspection of the Children and Family Court Advisory and Support Service under section 143 of the Education and Inspections Act 2006; and

any other activities falling within the remit of the Chief Inspector as defined in section 117(6) of the Education and Inspections Act 2006 and any other functions which may be assigned to the Chief Inspector under section 118(4) of that Act but only in so far as they relate to one of the functions set out in (a) to (f) above.

corrupt individuals or companies offering or receiving bribes to secure a benefit for themselves or others;

compliance with—

the registration and fitness to practise of a member of a profession regulated by the Council; and

any activities not covered by (a) in relation to which the Council has functions.

a GB nuclear site (within the meaning given in section 68 of the Energy Act 2013);

an authorised defence site (within the meaning given in regulation 2(1) of the Health and Safety (Enforcing Authority) Regulations 1998; or

a new nuclear build site (within the meaning given in regulation 2A of those Regulations).

the provision of electronic communications networks and services and the use of the electro-magnetic spectrum;

broadcasting and the provision of television and radio services;

^F61 media ownership and control; ...

competition in communications [^F62markets;^F62]

[^F63 postal services regulation; ^F64...

the regulation of video-sharing platform services under Part 4B of the Communications Act [^F65 2003; and^F65,F63]]

[^F66 the regulation of regulated services under the Online Safety Act 2023.^F66]

the provision and supply of railway services; and

any activities not covered by (a) in relation to which the Office of Rail Regulation has functions.

any complaint about the conduct of a relevant office holder, within the meaning of section 31 of the Police Reform and Social Responsibility Act 2011; and

any report made in accordance with section 114 of the Local Government Finance Act 1988(78) or section 4 or 5 of the Local Government and Housing Act 1989(79) in relation to the elected local policing body for the Police and Crime Panel’s area.

the carrying on of deposit-taking business or insurance business or investment business or any business related to or constituting a regulated activity as designated pursuant to section 22A of the Financial Services and Markets Act 2000(81);

the safety and soundness of persons authorised for the purposes of section 31 of the Financial Services and Markets Act 2000, including banks, insurers, the Society of Lloyd’s incorporated by the Lloyd’s Act 1871(82), Lloyds managing agents, building societies established under the Building Societies Act 1986(83), designated investment firms, societies registered under the Friendly Societies Act 1974(84) and the Friendly Societies Act 1992(85), including friendly societies, benevolent societies, working men’s clubs and specially authorised societies, and credit unions within the meaning [^F69of the^F69] Credit Unions Act 1979(86) or registered under the Credit Unions (Northern Ireland) Order 1985(87) or under the Industrial and Provident Societies Act (Northern Ireland) 1969(88), in connection with matters regulated by the Prudential Regulation Authority [^F70and

[^F71 the conduct of persons regulated under the Securitisation Regulations 2024.^F71,F70]]

protecting the public in England from disease or other dangers to health under section 2A(15) of the National Health Service Act 2006;

improving the health of the people of England under section 2B(16) of the National Health Service Act 2006; or

any other public health functions exercised by or on behalf of the Secretary of State for Health [^F82 and Social Care ^F82] in relation to the people of England and not covered by (a) or (b), including those exercised by [^F83 the United Kingdom Health Security Agency and the Medicines and Healthcare Products Regulatory Agency^F83,F14]] .

the registration and fitness to practise of social workers in England; and

any activities not covered by (a) in relation to which Social Work England has functions.^F89]