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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 31 December 2020 - onwards
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131FA. Investigations in support of overseas regulator

(1) The FCA may appoint one or more competent persons to investigate any matter if it is requested to do so by -

(a) the competent authority of an EEA state acting in the exercise of its functions under the short selling regulation, as that regulation has effect in the European Union; or

(b) an authority of a third country which is not an EEA state which is acting in the exercise of functions corresponding to those referred to in paragraph (a).

(2) [deleted]

(3) Sections 170 to 177 (which relate to investigations) apply in relation to an investigator appointed under subsection (1) as they apply in relation to an investigator appointed under section 168(5).

(4) The FCA may direct an investigator appointed under subsection (1) to permit a representative of the authority making the request under subsection (1) ("the requesting regulator") to attend, and take part in, any interview conducted for the purposes of the investigation.

(5) The FCA is not to give a direction under subsection (4)

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