Regulation 9 Duty of co-operation

(1)

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

(a)

the Financial Services Authority;

(b)

an authority designated as a supervisory authority for the purposes of Article 4.1 of the Takeovers Directive;

(c)

any other person or body that exercises functions of a public nature, under legislation in any country or territory outside the United Kingdom, that appear to the Panel to be similar to its own functions or those of the Financial Services Authority.

(2)

The Financial Services Authority must take such steps as it considers appropriate to co-operate with—

(a)

the Panel;

(b)

an authority designated as a supervisory authority for the purposes of Article 4.1 of the Takeovers Directive;

(c)

any other person or body that exercises functions of a public nature, under legislation in any country or territory outside the United Kingdom, that appear to the Financial Services Authority to be similar to those of the Panel.

(3)

Co-operation may include the sharing of information that the Panel or the Financial Services Authority, as the case may be, is not prevented from disclosing.