
2001 No. 2639
FINANCIAL SERVICES AND MARKETS
The Financial Services and Markets Act 2000 (Own-initiative Power) (Overseas Regulators) Regulations 2001
Made 19th July 2001
Laid before Parliament 20th July 2001
Coming into force in accordance with regulation 1
The Treasury, in exercise of the powers conferred upon them by sections 47(1) and (3), 417(1) and 428(3) of the Financial Services and Markets Act 2000 (“the Act”), hereby make the following Regulations:
Citation and commencement
1 
These Regulations may be cited as the The Financial Services and Markets Act 2000 Own-initiative Power) (Overseas Regulators) Regulations 2001 and come into force on the day on which section 19 of the Act comes into force.
Overseas regulators
2 

(1) The kind of regulator to which paragraph (2) applies is prescribed for the purposes of section  55Q(1)  of the Act.
(2) This paragraph applies to a regulator who exercises—
(a) a function corresponding to any function of the  FCA, the PRA or the Bank of England  under the Act;
(b) a function corresponding to any function exercised by the  FCA  under Part VI of the Act (official listing);
(c) a function corresponding to any function exercised by the Secretary of State under  the Companies Act 2006; or
(d) a function in connection with—
(i) the investigation of conduct of the kind prohibited by Part V of the Criminal Justice Act 1993 (insider dealing); or
(ii) the enforcement of rules (whether or not having the force of law) relating to such conduct.
Duty to consider Community obligation
3 
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Tony McNulty
Graham Stringer
Two of the Lords Commissioners of Her Majesty’s Treasury
