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

Co-operation

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

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.

F11A

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.

F21B

In pursuing its financial stability objective, the Authority must take such steps as it considers appropriate to co-operate with other relevant bodies (including the Treasury and the Bank of England).

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.