(1) Part 11 of the FSMA (information gathering and investigations), other than sections 165A, 165B, 165C, 169A and 173, applies with respect to the discharge by the FCA of its functions under this Part and the SFT regulation as it applies with respect to the discharge by the FCA of its functions under the FSMA but with the following modifications.

(2) In Part 11 -

(a) each reference to the FSMA includes a reference to this Part and the SFT regulation;

(b) each reference to a section or Part of the FSMA is a reference to that section or Part as applied by this Part;

(c) each reference to an authorised person is a reference to a trade repository registered or recognised in accordance with Title 6 of the SFT regulation;

(d) omit each reference to the PRA.

(e) each reference to a regulator, however phrased, is a reference to the FCA, and each reference to either regulator is a reference to the FCA only;

(3) Before section 165 insert -

"164. Part 11 Interpretation