Requests in support of other authoritiesU.K.
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67.—(1) On receiving a request to which paragraph (2) applies from a foreign authority, the supervisory authority may exercise the power conferred by regulation 66, and for these purposes, regulation 66 has effect as if it also referred to information and documents reasonably required by the supervisory authority to meet such a request.
(2) This paragraph applies if the request is made by the foreign authority in connection with the exercise by that authority of—
(a)functions provided for in the fourth money laundering directive;
(b)functions provided for in the funds transfer regulation; or
(c)functions provided for in the law of a third country equivalent to those provided for in the fourth money laundering directive or the funds transfer regulation.
(3) In deciding whether or not to exercise its powers under regulation 66 in response to a request, the supervisory authority may take into account in particular—
(a)whether, in the territory of the foreign authority concerned, corresponding assistance would be given to the supervisory authority;
(b)whether the case concerns the breach of a law, or other requirement, which has no close parallel in the United Kingdom or involves the assertion of a jurisdiction not recognised by the United Kingdom;
(c)the seriousness of the case and its importance to persons in the United Kingdom.
(4) The supervisory authority may decide not to exercise its powers under regulation 66 unless the foreign authority undertakes—
(a)to make such contribution towards the cost of doing so as the supervisory authority considers appropriate; and
(b)to comply with such conditions in relation to the information and documents as the supervisory authority considers appropriate.
(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(6) “Foreign authority” means an authority in a territory which is not part of the United Kingdom which exercises functions referred to in paragraph (2).