Article 9 Exercise of power in support of overseas regulatorI1
United Kingdom
(1)
Paragraph (2) applies if, before the commencement date, the Authority—
(a)
received a request from an overseas regulator within the meaning of section 47; and
(b)
had not exercised its own-initiative power further to that request.
(2)
For the purposes of section 55Q (exercise of power in support of overseas regulator), the request is to be treated as if it had been made to—
(a)
the PRA if the person in relation to whom the own-initiative powers would be exercised is, on the commencement date, a PRA-authorised person; and
(b)
to the FCA in any other case.