The Financial Services (Overseas Recognition Regime Designations) Regulations 2025
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Change 1
4 Information and advice
(1) The Treasury may by notice require a regulator to provide any information or advice that the Treasury consider is necessary to enable the Treasury to decide whether to make, amend or revoke an overseas recognition regime designation. (2) The notice must— (a) specify or describe the information or advice being sought, (b) specify a reasonable period within which the information or advice must be provided, and (c) be given in writing. (3) A regulator may provide information or advice to the Treasury in connection with any— (a) overseas recognition regime designation, or (b) proposal for an overseas recognition regime designation, in the absence of a notice under paragraph (1). (4) In this regulation, “regulator” means— (a) the FCA, (b) the PRA, or (c) the Bank of England.
4 Information and advice
(1) The Treasury may by notice require a regulator to provide any information or advice that the Treasury consider is necessary to enable the Treasury to decide whether to make, amend or revoke an overseas recognition regime designation. (2) The notice must— (a) specify or describe the information or advice being sought, (b) specify a reasonable period within which the information or advice must be provided, and (c) be given in writing. (3) A regulator may provide information or advice to the Treasury in connection with any— (a) overseas recognition regime designation, or (b) proposal for an overseas recognition regime designation, in the absence of a notice under paragraph (1). (4) In this regulation, “regulator” means— (a) the FCA, (b) the PRA, or (c) the Bank of England.
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