# The Financial Services Act 2012 (Transitional Provisions) (Permission and Approval) Order 2013, Article 9: Exercise of power in support of overseas regulator

Extent: E+W+S+N.I.

(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.

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Source: https://www.legislation.gov.uk/uksi/2013/440/article/9 (the official version)
Page: https://openlegislation.uk/financial-services-act-2012-transitional-provisions-permission-and-approval-order-2013/article-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.