Regulation 11 Specified organisations or authorities: information-sharingI1

United Kingdom

(1)

An anti-fraud organisation or data-matching authority specified by the Secretary of State under section 40(3) of the Act^f1 shall give the FCA such information within its possession or under its control in respect of—

(a)

disqualified persons, and

F1(b)

status checks or immigration checks carried out by current account authorised persons for the purposes of section 40 or 40A of the Act,

as the FCA may direct.

(2)

A specified organisation or authority must provide the FCA with information required to be given under this regulation at such times and in such form, and verified in such manner, as the FCA may direct.

(3)

Regulations 14 (investigations under Part 11 of the 2000 Act), 15 (public censure), 17 (financial penalties) and 24 to 30 (requirement to issue warning notice etc.) apply with necessary modifications to an anti-fraud organisation or data-matching authority specified by the Secretary of State under section 40(3) of the Act as if such organisation or authority was a current account authorised person.

Annotations

Textual amendments

F1: Reg. 11(1)(b) substituted (30.10.2017) by The Immigration Act 2014 (Current Accounts) (Excluded Accounts and Notification Requirements) Regulations 2016 (S.I. 2016/1252), regs. 1(1), 4(3)

Commencement

I1: Reg. 11 in force at 12.12.2014, see reg. 1

Footnotes

f1: See S.I. 2014/22. See also section 40(4) of the Act for the meaning of “specified”.