Regulation (EU) 2017/1131 of the European Parliament and of the CouncilShow full title

Article 39 U.K. Powers of competent authorities

[F1 Without prejudice to powers vested in the FCA under FSMA, the OEIC Regulations, and the AIFM Regulations, the FCA has all supervisory and investigatory powers that are necessary for the exercise of its functions with respect to this Regulation. In particular, it has the power to do all of the following:]

(a)

request access to any document in any form, and to receive or take a copy thereof;

(b)

require an MMF or the manager of an MMF to provide information without delay;

(c)

require information from any person related to the activities of an MMF or the manager of an MMF;

(d)

carry out on-site inspections with or without prior announcement;

(e)

take appropriate measures to ensure that an MMF or the manager of an MMF continues to comply with this Regulation;

(f)

issue an order to ensure that an MMF or the manager of an MMF complies with this Regulation and desists from a repetition of any conduct that could infringe this Regulation.

Textual Amendments

F1 Words in Art. 39 substituted (31.12.2020) by The Money Market Funds (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/394), regs. 1(3), 17(2) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)