Section 354B PRA's duty to co-operate with othersF1

United Kingdom

(1)

The PRA must take such steps as it considers appropriate to co-operate with—

(a)

other persons (whether in the United Kingdom or elsewhere) who have functions similar to those of the PRA, and

(b)

other bodies that have functions relevant to financial stability.

(2)

The persons referred to in subsection (1) do not include the F2FCA (but see section 3D).

(3)

Co-operation may include the sharing of information which the PRA is not prevented from disclosing.

Annotations

F1: Ss. 354A-354C substituted for s. 354 (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 12 para. 25 (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F2: Words in s. 354B(2) substituted (1.3.2017) by Bank of England and Financial Services Act 2016 (c. 14), s. 41(3), Sch. 2 para. 47 (with Sch. 3); S.I. 2017/43, reg. 2(g)