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The Electronic Money Regulations 2011

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Changes over time for: Cross Heading: Duties of the Authority and the Commissioners to co-operate

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Changes to legislation:

The Electronic Money Regulations 2011, Cross Heading: Duties of the Authority and the Commissioners to co-operate is up to date with all changes known to be in force on or before 14 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

Duties of the Authority and the Commissioners to co-operateU.K.

Duty to co-operate and exchange informationU.K.

71.—(1) The Authority and the Commissioners of Her Majesty's Revenue and Customs (“the Commissioners”) must take such steps as they consider appropriate to co-operate with each other and—

F1(a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F2(b)the Bank of England; and

(c)any other public authorities which exercise functions that are relevant to electronic money issuers,]

for the purposes of the exercise by those bodies of their functions [F3under these Regulations and other relevant legislation].

(2) Subject to the requirements of the Data Protection Act 1998 , sections 348 and 349 of the 2000 Act (as applied with modifications by paragraph 6 of Schedule 3 to these Regulations), [F4regulation 105 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017] and any other applicable restrictions on the disclosure of information, the Authority and the Commissioners may provide information to each other and—

(a)the bodies mentioned in paragraph [F5(1)(c)];

[F6(b)the Bank of England when acting in its capacity as monetary and oversight authority;]

(c)where relevant, other public authorities responsible for the oversight of payment and settlement systems,

for the purposes of the exercise by those bodies of their functions [F7under these Regulations and other relevant legislation ].

F8(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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