PART 19Miscellaneous provisions

Duty to co-operate223

1

The Bank, the PRA and the FCA must ensure that all persons who are responsible for performing relevant functions under authority delegated by the Bank, PRA or FCA co-operate closely with one another in the course of performing those functions.

F12

“Relevant functions” means any functions conferred on the Bank, the PRA or the FCA by or under—

a

Part 1 of the Banking Act 2009;

b

section 17 of the Financial Services (Banking Reform) Act 2013;

c

any Regulations adopted under the recovery and resolution directive;

d

this Order.