Duty to co-operateU.K.
This
adran has no associated
Memorandwm Esboniadol
223.—(1) The Bank, the PRA and the FCA must ensure that all persons who are responsible for performing relevant functions under authority delegated by the Bank, PRA or FCA co-operate closely with one another in the course of performing those functions.
(2) “Relevant functions”—
(a)in the case of the Bank, means the functions of a resolution authority under the recovery and resolution directive;
(b)in the case of the PRA or FCA, means the functions of a competent authority under that directive.