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Financial Services and Markets Act 2000

Financial Services and Markets Act 2000 s 195

s 195 Exercise of power in support of overseas regulator.

(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3) “ An overseas regulator ” means an authority in a country or territory outside the United Kingdom— (a) which is a home state regulator; or (b) which exercises any function of a kind mentioned in subsection (4). (4) The functions are— (a) a function corresponding to any function of either regulator under this Act; (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (c) a function corresponding to any function exercised by the Secretary of State under the Companies Acts (as defined in section 2 of the Companies Act 2006) ; (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; (e) a function prescribed by regulations made for the purposes of this subsection which, in the opinion of the Treasury, relates to companies or financial services. (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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