Part 2The regulator and its functions

Staffing etc

I1I215Provision of assistance etc: supplementary

1

This section supplements sections 13 and 14.

2

A relevant authority must ensure that any of its staff involved in providing relevant assistance to the regulator have the appropriate skills, knowledge, experience and behaviours.

3

For this purpose “relevant assistance” means anything done by the authority pursuant to a request or direction, for the purpose of facilitating the exercise by the regulator of a relevant function.

4

The Secretary of State may by regulations make provision about the reimbursement by the regulator of expenditure incurred by relevant authorities in complying with requests or directions.

5

The Secretary of State may pay a relevant authority such amount as the Secretary of State considers appropriate in respect of things done by the relevant authority in complying with a request or direction.

6

The Secretary of State may by regulations make further provision in relation to requests and directions, including in particular provision about—

a

things done by a relevant authority in connection with a request or direction;

b

things done by an FSO authorised person in connection with a request.

7

In this section—

  • “direction” means a direction given under section 13;

  • “FSO authorised person” has the meaning given by section 14;

  • “relevant authority” has the meaning given by section 13;

  • “relevant function” has the meaning given by section 13;

  • “request” means a request made under section 13 or 14.