Part XXIIIU.K. Public Record, Disclosure of Information and Co-operation

Co-operationU.K.

354 Authority’s duty to co-operate with others.U.K.

(1)The Authority 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 Authority; or

(b)in relation to the prevention or detection of financial crime.

[F1(1A)The Authority must take such steps as it considers appropriate to co-operate with—

(a)the Panel on Takeovers and Mergers;

(b)an authority designated as a supervisory authority for the purposes of Article 4.1 of the Takeovers Directive;

(c)any other 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 Authority to be similar to those of the Panel on Takeovers and Mergers.]

(2)Co-operation may include the sharing of information which the Authority is not prevented from disclosing.

(3)“Financial crime” has the same meaning as in section 6.

Textual Amendments