Co-ordinationI16
1
The Treasury, the Bank of England, the PRA and the FCA must co-ordinate the discharge of their respective functions in relation to equivalence determinations and exemption determinations and provision of information and advice under regulation 4.
2
The Treasury, the Bank of England, the PRA and the FCA must prepare and maintain a memorandum describing in general terms—
a
how they propose to exercise their respective functions in relation to equivalence determinations and exemption determinations and comply with their obligations under paragraph (1);
b
how they propose to exercise any other functions relating to equivalence determinations they are given in regulations made under—
i
retained EU law; or
ii
the European Union (Withdrawal) Act 2018.
3
The Treasury must lay before Parliament a copy of the memorandum maintained under paragraph (2).
4
The Treasury must publish any memorandum maintained under paragraph (2) in a way appearing to the Treasury to be best calculated to bring it to the attention of the public.