Part XXIII Public Record, Disclosure of Information and Co-operation

Co-operation

F1354 Authority’s duty to co-operate with others.

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F1354AFCA's duty to co-operate with others

(1)

The FCA must take such steps as it considers appropriate to co-operate with other persons (whether in the United Kingdom or elsewhere) who have functions—

(a)

similar to those of the FCA, or

(b)

in relation to the prevention or detection of financial crime.

(2)

The persons referred to in subsection (1) do not include the Bank of England or the PRA (but see sections 3D and 3Q).

F2(2A)

Subsection (1) does not apply in relation to the Competition and Markets Authority in a case where the FCA has made a reference under section 131 of the Enterprise Act 2002 as a result of section 234I (but see section 234L).

(3)

The FCA must take such steps as it considers appropriate to co-operate with—

(a)

the Panel on Takeovers and Mergers;

F3(b)

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(c)

any F4... person or body that exercises functions of a public nature, under legislation in any country or territory outside the United Kingdom, that appear to the FCA to be similar to those of the Panel on Takeovers and Mergers.

(4)

Co-operation may include the sharing of information which the FCA is not prevented from disclosing.

(5)

“Financial crime” has the meaning given in section 1H(3).

354BPRA's duty to co-operate with others

(1)

The PRA must take such steps as it considers appropriate to co-operate with—

(a)

other persons (whether in the United Kingdom or elsewhere) who have functions similar to those of the PRA, and

(b)

other bodies that have functions relevant to financial stability.

(2)

The persons referred to in subsection (1) do not include the F5FCA (but see section 3D).

(3)

Co-operation may include the sharing of information which the PRA is not prevented from disclosing.

F6354CPRA's duty to provide information to Bank of England

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