[F1271CApproval of country: regulatory co-operationU.K.
This section has no associated Explanatory Notes
(1)The Treasury may not make regulations under section 271A approving a country or territory and specifying a description of collective investment scheme unless satisfied that adequate arrangements exist, or will exist, for co-operation between the FCA and the overseas regulator.
(2)In this section, “the overseas regulator” means the authority responsible for the authorisation and supervision of schemes of that description in the country or territory.]
Textual Amendments
F1Ss. 271A-271S and cross-heading inserted (23.2.2022) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 9 para. 1; S.I. 2022/163, reg. 2(a)