Part XVII

Collective Investment Schemes
Chapter V

Recognised Overseas Schemes

Schemes authorised in approved countries

Report by the FCA in relation to approval
271D
1
When considering whether to make, vary or revoke regulations under section 271A approving a country or territory and specifying a description of collective investment scheme, the Treasury may ask the FCA to prepare a report on—
a
the law and practice of the country or territory under which such schemes are authorised and supervised, or particular aspects of such law and practice, and
b
any existing or proposed arrangements for co-operation between the FCA and the overseas regulator.
2
A request for a report under subsection (1) must be made in writing.
3
If the Treasury ask for a report under subsection (1), the FCA must provide the Treasury with the report.
4
In this section, “
the overseas regulator
” has the same meaning as in section 271C.
Pt. 17 modified (20.2.2019) by The Collective Investment Schemes (Amendment etc.) (EU Exit) Regulations 2019 (S.I. 2019/325), regs. 1(3), 62 (as amended (31.1.2020 immediately before exit day) by The Financial Services (Consequential Amendments) Regulations 2020 (S.I. 2020/56), regs. 1, 12(b))
Ss. 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)