[F1Co-operation with Bank of EnglandU.K.
Textual Amendments
F1Pt. 1A substituted for Pt. 1 (24.1.2013 for specified purposes, 19.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 6(1), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(b)(c)(2), Sch. Pts. 2, 3, 4; S.I. 2013/423, art. 3, Sch.
3QCo-operation by FCA and PRA with Bank of EnglandU.K.
(1)Each regulator must take such steps as it considers appropriate to co-operate with the Bank of England in connection with—
(a)the pursuit by the Bank of its Financial Stability Objective, and
(b)the Bank's compliance with its duties under sections 58 and 59 of the Financial Services Act 2012 (duty to notify Treasury of possible need for public funds and of subsequent changes).
(2)Co-operation under subsection (1) may include the sharing of information that the regulator is not prevented from disclosing.]