overseas regulator
- (1) (except in relation to the overseas financial stability information power)44 (as defined in section 195(3) of the Act (Exercise of power in support of overseas regulator)) an authority in a country or territory outside the United Kingdom:
- (a) which is a Home State regulator; or
- (b) which exercises any of the following functions:
- (i) a function corresponding to any function of the FSA under the Act;
- (ii) a function corresponding to any function exercised by the FSA in its capacity as competent authority in relation to the listing of securities;
- (iii) a function corresponding to any function exercised by the Secretary of State under the Companies Acts (as defined in section 2 of the Companies Act 2006);33
- (iv) a function in connection with the investigation of conduct of the kind prohibited by Part V of the Criminal Justice Act 1993 (Insider Dealing), or with the enforcement of rules (whether or not having the force of law) relating to such conduct;
- (v) a function prescribed by regulations made for the purposes of section 195(4) of the Act (Exercise of powers) which, in the opinion of the Treasury, relates to companies or financial services.4
- (2) (in relation to the overseas financial stability information power) (as defined in section 169A(2) of the Act (Support of overseas regulator with respect to financial stability)) an authority in a country or territory outside the United Kingdom which exercises functions with respect to the stability of the relevant financial system operating in that country or territory.44