Section 195: Exercise of power in support of overseas regulator.

Financial Services and Markets Act 2000 · 2000 c. 8View on legislation.gov.uk

Part XIII: Incoming Firms: Intervention by FCA or PRA

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"An overseas regulator" means an authority in a country or territory outside the United Kingdom—

which is a home state regulator; or
which exercises any function of a kind mentioned in subsection (4).

The functions are—

a function corresponding to any function of either regulator under this Act;
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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);
a function in connection with —
the investigation of conduct of the kind prohibited by Part V of the Criminal Justice Act 1993 (insider dealing); or
the enforcement of rules (whether or not having the force of law) relating to such conduct;
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.

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Reuse reviewed 21 August 2026 under Open Government Licence v3.0.