SCHEDULE 17A Further Provision in Relation to Exercise of Part 18 Functions[, or other FMI Functions,] by Bank of England | Part 1 | [ Co-Operation Between Appropriate Regulators] | Financial Services And Markets Act 2000 C8

[Part 1 Co-operation Between Appropriate Regulators]

Financial Services and Markets Act 2000 (2000 c 8) | Legislation

[SCHEDULE 17A Further Provision in Relation to Exercise of Part 18 Functions[, or other FMI Functions,]

[Section 285A]

[Part 1 Co-operation Between Appropriate Regulators]

[Memorandum of understanding between appropriate regulators and PRA

(1) The appropriate regulators must prepare and maintain a memorandum describing how they intend to work together in exercising their functions in relation to persons who are recognised bodies.

(2) The memorandum must in particular make provision about—

(a) the need for each party when exercising a function in relation to any person (“A”) who is a recognised body, or any member of A's group, to have regard to the exercise (or possible exercise) of any function by the other party in relation to A or any member of A's group;

(b) the role of each party in cases where they are both exercising functions in relation to the same persons;

(d) the co-ordination by the parties of the exercise of their powers to appoint competent persons under Part