The Financial Services and Markets Act 2023 (Mutual Recognition Agreement) (Switzerland) Regulations 2025
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Change 1
11 Duty of PRA to disclose information relevant to the register
(1) The PRA must, for the purpose of assisting the FCA to comply with its functions under regulations 8 and 9— (a) if the PRA prohibits or restricts a registered Swiss supplier under regulation 16 or 41, or imposes conditions on a registered Swiss supplier under regulation 41, provide the FCA with any information relating to its prohibitions, restrictions or conditions which affects the information which must be included in the register under regulation 8(5)(b), and (b) where the FCA has notified the PRA that it considers it appropriate to include in the register information of a certain description, disclose to the FCA such information of that description as the PRA has in its possession. (2) The duty to provide information under this regulation does not apply to information which the PRA reasonably believes is in the possession of the FCA. (3) The duty to provide information under this regulation does not apply to information whose disclosure is prohibited by or under section 348 of FSMA 2000 (restrictions on disclosure of confidential information by FCA, PRA etc.). (4) This regulation is without prejudice to any other power to disclose information.
11 Duty of PRA to disclose information relevant to the register
(1) The PRA must, for the purpose of assisting the FCA to comply with its functions under regulations 8 and 9— (a) if the PRA prohibits or restricts a registered Swiss supplier under regulation 16 or 41, or imposes conditions on a registered Swiss supplier under regulation 41, provide the FCA with any information relating to its prohibitions, restrictions or conditions which affects the information which must be included in the register under regulation 8(5)(b), and (b) where the FCA has notified the PRA that it considers it appropriate to include in the register information of a certain description, disclose to the FCA such information of that description as the PRA has in its possession. (2) The duty to provide information under this regulation does not apply to information which the PRA reasonably believes is in the possession of the FCA. (3) The duty to provide information under this regulation does not apply to information whose disclosure is prohibited by or under section 348 of FSMA 2000 (restrictions on disclosure of confidential information by FCA, PRA etc.). (4) This regulation is without prejudice to any other power to disclose information.
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