Regulation 12 Obtaining information—avoidance of duplication of reporting

Paragraph (2) applies if F1a regulator is the co-ordinator in relation to any financial conglomerate.

If F2a regulator requires any disclosed information in connection with its functions as the co-ordinator, it must so far as possible obtain that information by requesting the competent authority which holds that information to disclose it to F3that regulator.

In this regulation, “disclosed information” means information which a regulated entity in a financial conglomerate has disclosed to its competent authority.