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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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83ZE. Investigations etc in support of foreign resolution authorities

(1) On receiving a request to which subsection (3) applies from a foreign resolution authority, the Bank of England may -

(a) exercise the power conferred by section 83ZA, or

(b) appoint one or more competent persons to investigate any matter.

(2) Accordingly, for the purposes of subsection (1)(a), section 83ZA(1) has effect as if it also referred to information and documents reasonably required by the Bank of England to meet such a request.

(3) This subsection applies to a request if the request is made by a foreign resolution authority in connection with the exercise by that authority of -

(a) [deleted]

(b) functions in relation to third-country resolution action (within the meaning of section 89H) corresponding to the stabilisation powers of the Bank of England under this Part.

(4) An investigator appointed under subsection (1)(b) has the same powers as an investigator appointed under section 83ZD.

(5) [deleted]

(6) In deciding whether or not to exercise its investigative power, the

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