(1) A relevant regulator ("R") may assist an overseas regulator ("O") in accordance with the table in subsection (2) where -
(a) O makes a request to R (see section 320) for R to assist O's carrying out of functions which correspond or are similar to functions of R under a relevant enactment,
(b) R considers that it would be appropriate to assist O (see section 321), and
(c) where the request is made otherwise than under or in accordance with a qualifying cooperation arrangement, the Secretary of State authorises R to assist O (see section 322).
(2) The table in this subsection is -
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Where the enactment in question is - |
The regulator that may assist the overseas regulator is - |
The regulator may assist the overseas regulator by - |
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Part 1 of CA 1998 (competition) |
exercising its powers under sections 26 to 29 of CA 1998 as if, by assisting O's carrying out of functions which correspond or are similar to the functions of the CMA under Part 1 of that Act, the CMA were |