[F1FCA power to require information from a person to whom this regulation appliesU.K.
47A.—(1) The FCA may, by notice in writing given to a person to whom this regulation applies, require that they—
(a)provide information specified or information of a description specified by the FCA; or
(b)produce documents specified or documents of a description specified by the FCA.
(2) The information or documents must be provided or produced—
(a)before the end of such reasonable period, and
(b)at such place,
as may be specified.
(3) The powers conferred by paragraphs (1) and (2) apply only to information and documents reasonably required—
(a)in connection with the exercise by the FCA of functions conferred on it by or under these Regulations; and
(b)in anticipation of the exercise by the FCA of their functions under the CRA Regulation and these Regulations which are conferred on them on IP completion day.
(4) An officer who has written authorisation from the FCA to do so may request that a person to whom this regulation applies without delay—
(a)provide the officer with specified information or information of a specified description; or
(b)produce to the officer specified documents or documents of a specified description.
(5) The FCA may require any information provided under this regulation to be provided in such form as it may reasonably require.
(6) The FCA may require—
(a)any information provided, whether in a document or otherwise, to be verified in such manner, or
(b)any document produced to be authenticated in such manner,
as it may reasonably require.
(7) The FCA may also impose requirements under paragraphs (1) and (4) on related third parties, to whom a person to whom this regulation applies has outsourced operational functions or activities, to provide all information that is necessary in order to carry out the duties of the person to whom this regulation applies.
(8) In this regulation, “officer” means an officer of the FCA and includes a member of the FCA’s staff or an agent of the FCA.]
Textual Amendments
F1Regs. 47, 47A substituted for reg. 47 (27.11.2020) by The Securities Financing Transactions, Securitisation and Miscellaneous Amendments (EU Exit) Regulations 2020 (S.I. 2020/1385), regs. 1(2), 50(6)