F1Part 8AShort selling
Power to require information
131FAF2Investigations in support of F8overseas regulator
F41
The FCA may appoint one or more competent persons to investigate any matter if it is requested to do so by—
a
the competent authority of an EEA state acting in the exercise of its functions under the short selling regulation, as that regulation has effect in the European Union; or
b
an authority of a third country which is not an EEA state which is acting in the exercise of functions corresponding to those referred to in paragraph (a).
F52
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3
Sections 170 to 177 (which relate to investigations) apply in relation to an investigator appointed under subsection (1) as they apply in relation to an investigator appointed under section 168(5).
4
5
6
The F3FCA must prepare a statement of its policy with respect to the conduct of interviews in relation to which a direction under subsection (4) has been given.
7
The statement requires the approval of the Treasury.
8
If the Treasury approve the statement, the F3FCA must publish it.
9
No direction may be given under subsection (4) before the statement has been published.
10
The F3FCA may at any time alter or replace a statement issued under subsection (6), and subsections (7) and (8) apply to an altered statement or to a replacement statement.
Pt. 8A inserted (8.6.2010) by Financial Services Act 2010 (c. 28), ss. 8, 26(2)(b)