756.This paragraph requires the Authority to maintain arrangements for monitoring compliance with, and enforcing requirements imposed by or under, the Act.  The Authority may arrange for monitoring, but not enforcement, to be delegated to another body or person which it believes is competent, which might include, for example, a professional body.  If it does so, the Authority remains responsible for ensuring that proper monitoring arrangements are in place.
Schedule 1: the Financial Services Authority Part I: General Paragraph 6: Monitoring and enforcement