(1) The regulators may enter into arrangements with each other for the provision of services by one of them to the other.

(2) The FCA may enter into arrangements with the Bank of England for the provision of services -

(a) by the Bank to the FCA, or

(b) by the FCA to the Bank.

(3) Either regulator may enter into arrangements with any of the bodies specified in subsection (4) for the provision of services by the regulator to that body.

(4) Those bodies are -

(a) the Money and Pensions Service (see Part 1 of the Financial Guidance and Claims Act 2018),

(b) the scheme manager (see section 212(1)), and