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The Electronic Money Regulations 2011

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Changes over time for: Section 71

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Status:

Point in time view as at 31/12/2020.

Changes to legislation:

The Electronic Money Regulations 2011, Section 71 is up to date with all changes known to be in force on or before 07 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

Duty to co-operate and exchange informationU.K.

This section has no associated Explanatory Memorandum

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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