The Financial Services and Markets Act 2000 (Transparency of Securities Financing Transactions and of Reuse) Regulations 2016

Power of the FCA to require information

This section has no associated Explanatory Memorandum

5.—(1) This regulation applies where—

(a)it is necessary for the FCA to determine whether a person is subject to an SFTR requirement; or

(b)the FCA requires information or documents from a non-authorised counterparty in connection with the exercise of its functions under the SFT regulation or these Regulations.

(2) The FCA may, by notice in writing, require a non-authorised counterparty or any other person—

(a)to provide specified information or information of a specified description; or

(b)to produce specified documents or documents of a specified description.

(3) The information or documents must be provided or produced—

(a)before the end of such reasonable period as may be specified; and

(b)at such place as may be specified.

(4) The FCA may require any information provided under this regulation to be provided in such a form as it may reasonably require.

(5) The FCA may require—

(a)any information provided, whether in a document or otherwise, to be verified in such a manner; or

(b)any document produced to be authenticated in such a manner,

as it may reasonably require.

(6) In this regulation “specified” means specified in the notice.