F1PART 1AThe Regulators
CHAPTER 3Further provisions relating to FCA and PRA
Relationship between FCA and PRA
3GPower to establish boundary between FCA and PRA responsibilities
(1)
The Treasury may by order specify matters that, in relation to the exercise by either regulator of its functions relating to PRA-authorised persons, are to be, or are to be primarily, the responsibility of one regulator rather than the other.
(2)
The order may—
(a)
provide that one regulator is or is not to have regard to specified matters when exercising specified functions;
(b)
require one regulator to consult the other.