Financial Services and Markets Act 2000 (c. 8)

Part XXIII U.K. Public Record, Disclosure of Information and Co-operation

Co-operation U.K.

354 Authority’s duty to co-operate with others. U.K.

(1) The Authority must take such steps as it considers appropriate to co-operate with other persons (whether in the United Kingdom or elsewhere) who have functions—

(a) similar to those of the Authority; or

(b) in relation to the prevention or detection of financial crime.

[F1 (1A) The Authority must take such steps as it considers appropriate to co-operate with—

(a) the Panel on Takeovers and Mergers;

(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 Authority to be similar to those of the Panel on Takeovers and Mergers.]

(2) Co-operation may include the sharing of information which the Authority is not prevented from disclosing.

(3) “Financial crime” has the same meaning as in section 6.

Textual Amendments

F1 S. 354(1A) inserted (6.4.2007) by Companies Act 2006 (c. 46), ss. 964(5), 1300(2); S.I. 2007/1093, art. 2(1)(b) (with arts. 4, 11)