The Financial Services and Markets Act 2000 (Own-initiative Power) (Overseas Regulators) Regulations 2001

• Citation: S.I. 2001/2639
• Sections: 3

Section 1 Citation and commencement

These Regulations may be cited as the The Financial Services and Markets Act 2000 Own-initiative Power) (Overseas Regulators) Regulations 2001 and come into force on the day on which section 19 of the Act comes into force.

Section 2 Overseas regulators

(1) The kind of regulator to which paragraph (2) applies is prescribed for the purposes of section 55Q(1) of the Act.

(2) This paragraph applies to a regulator who exercises—

(a) a function corresponding to any function of the FCA , the PRA or the Bank of England under the Act;

(b) a function corresponding to any function exercised by the FCA under Part VI of the Act (official listing);

(c) a function corresponding to any function exercised by the Secretary of State under the Companies Act 2006 ; or

(d) a function in connection with—

(i) the investigation of conduct of the kind prohibited by Part V of the Criminal Justice Act 1993 (insider dealing); or

(ii) the enforcement of rules (whether or not having the force of law) relating to such conduct.

Section 3 Duty to consider Community obligation

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