C11C12C13C14C15C16C21C18C24C26C25 Part XI Information Gathering and Investigations
Pt. 11 applied (with modifications) (1.5.2009 for certain purposes and 1.11.2009 otherwise) by The Payment Services Regulations 2009 (S.I. 2009/209), regs. 1(2), 95, Sch. 5 para. 3 (with reg. 3) (as amended (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 155(6)(c) (with Sch. 2 para. 156); and (26.6.2017) by The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (S.I. 2017/692), reg. 1(2), Sch. 7 para. 24(9) (with regs. 8, 15))
Pt. 11 applied (with modifications) (11.2.2010) by The Cross-Border Payments in Euro Regulations 2010 (S.I. 2010/89), reg. 19, Sch. para. 2
Pt. 11 applied (with modifications) (30.4.2011) by The Electronic Money Regulations 2011 (S.I. 2011/99), reg. 62, Sch. 3 para. 3 (with reg. 3) (as amended (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 196(5)(c); and (14.2.2014 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2014 (S.I. 2014/366), arts. 1(4), 18(4)(b); and (10.1.2020) by The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (S.I. 2019/1511), regs. 1(2), 19 and (31.12.2020) by S.I. 2018/1201, reg. 1(3), Sch. 2 para. 21(3)(a)-(c) (with reg. 4, Sch. 3 Pt. 1) (with further transitional provisions in Sch. 3 Pt. 1A as inserted by S.I. 2019/405, regs. 1, 10 and as amended by S.I. 2019/1010, regs. 1(3), 7; S.I. 2019/1212, regs. 1(2), 7; and S.I. 2020/56, regs. 1, 8))
Pt. 11 applied (with modifications) (15.1.2013) by The Payments in Euro (Credit Transfers and Direct Debits) Regulations 2012 (S.I. 2012/3122), reg. 1, Sch. para. 2 (as amended (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 248(6)(b))
Pt. 11 applied (with modifications) (E.W.) (9.7.2013) by The Legal Aid, Sentencing and Punishment of Offenders Act 2012 (Referral Fees) Regulations 2013 (S.I. 2013/1635), regs. 1, 13
Pt. 11 applied (with modifications) (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services Act 2012 (Consumer Credit) Order 2013 (S.I. 2013/1882), arts. 1(1), 3(5)
Pt. 11 modified (temp. to 1.4.2014) (31.12.2013) by The Financial Services and Markets Act 2000 (Consumer Credit) (Transitional Provisions) Order 2013 (S.I. 2013/3128), arts. 1(1), 4(1)(2)
Pt. 11 applied (with modifications) (12.12.2014) by The Immigration Act 2014 (Bank Accounts) Regulations 2014 (S.I. 2014/3085), regs. 1, 14
Pt. 11 applied (with modifications) (1.1.2016) by The Small and Medium Sized Business (Finance Platforms) Regulations 2015 (S.I. 2015/1946), regs. 1(2), 23
Pt. 11 applied (with modifications) (1.1.2016) by The Small and Medium Sized Business (Credit Information) Regulations 2015 (S.I. 2015/1945), regs. 1(2), 26
Powers to gather information
C1C2C3C4C5C17C23C22C21C27165F2Regulators power to require information F1: authorised persons etc.
C6C191
F5Either regulator may, by notice in writing given to an authorised person, require him—
a
to provide specified information or information of a specified description; or
b
to produce specified documents or documents of a specified description.
C6C7C192
The information or documents must be provided or produced—
a
before the end of such reasonable period as may be specified; and
b
at such place as may be specified.
C193
An officer who has written authorisation from the F6regulator to do so may require an authorised person without delay—
a
to provide the officer with specified information or information of a specified description; or
b
to produce to him specified documents or documents of a specified description.
C194
This section applies only to information and documents reasonably required in connection with the exercise by F7either regulator of functions conferred on it by or under this Act.
C8C9C195
F3The regulator in question may require any information provided under this section to be provided in such form as it may reasonably require.
C8C10C196
F4The regulator in question may require—
a
any information provided, whether in a document or otherwise, to be verified in such manner, or
b
any document produced to be authenticated in such manner,
as it may reasonably require.
7
The powers conferred by subsections (1) and (3) may also be F8exercised—
a
by either regulator, to impose requirements on a person who is connected with an authorised person;
b
by the FCA, to impose requirements on an operator, trustee or depositary of a scheme recognised under section F14... 272 who is not an authorised person;
c
by the FCA, to impose requirements on a recognised investment exchange;
d
by the FCA, to impose requirements on a person who is connected with a recognised investment exchange.
F15e
by either regulator, to impose requirements on a person who provides any service to an insurance undertaking, reinsurance undertaking or third-country insurance undertaking.
8
“Authorised person” includes a person who was at any time an authorised person but who has ceased to be an authorised person.
C209
C2010
“Specified” means—
a
in subsections (1) and (2), specified in the notice; and
b
in subsection (3), specified in the authorisation.
11
For the purposes of this section, a person is connected with F12another person (“A”) if he is or has at any relevant time been—
a
a member of A’s group;
b
a controller of A;
c
any other member of a partnership of which A is a member; or
d
in relation to A, a person mentioned in Part I of Schedule 15 F13(reading references in that Part to the authorised person as references to A).
Pt. 11 modified (1.12.2001) by S.I. 2001/2657, arts. 1(1), 18(2) (which was revoked (8.10.2001) by S.I. 2001/3083, arts. 1(2), 23); S.I. 2001/3538, art. 2(1)
Pt. 11 modified (1.12.2001) by S.I. 2001/3083, arts. 1(2), 18(2)(4); S.I. 2001/3538, art. 2(1)
Pt. 11 extended (with modifications) (1.12.2001) by S.I. 2001/3646, arts. 1(1), 6-9