Article 20 Support for overseas regulators

(1)

Paragraph (2) applies if, before the commencement date, the Authority—

(a)

received a request from an overseas regulator; and

(b)

did not take action as mentioned in section 169(1)^f1 (investigations etc in support of overseas regulator) or 169A(1)^f2 (support of overseas regulator with respect to financial stability).

(2)

The request is to be treated as if it had been received by the PRA and, for the purposes section 169, the FCA.

Annotations

Footnotes

f1: Section 169 is amended by the 2012 Act, Schedule 12, paragraph 9. There are other amending instruments but none is relevant.
f2: Section 169A was inserted by the Financial Services Act 2010, section 18 and is further amended by the 2012 Act, Schedule 12, paragraph 10.