has directed, or is considering directing, the investigator, under section 169(7) or section 131FA2 of the Act, to permit a representative of the overseas regulator or of the EEA regulator2 to attend, and take part in, any interview conducted for the purposes of the investigation.
The purpose of DEPP 7 is to set out the FSA's statement of policy on the conduct of interviews to which a direction under section 169(7) or section 131FA2 has been given or the FSA is considering giving. The FSA is required to prepare and publish this statement of policy by section 169(9) and (11) and section 131FA2 of the Act. As required by section 169(10) and section 131FA2 of the Act, the Treasury has approved the statement of policy.
The FSA is keen to promote co-operation with overseas regulators and EEA regulators2. It views provision of assistance to overseas regulators and EEA regulators2 as an essential part of the principles set out in section 2(3)(e) of the Act to which it must have regard in discharging its general functions.