Section 55Q(5)

In deciding whether or not to exercise its own-initiative powers in response to a request, the UK regulator may take into account in particular— whether in the country or territory of the overseas regulator concerned, corresponding assistance would be given to a United Kingdom regulatory authority; whether the case concerns the breach of a law, or other requirement, which has no close parallel in the United Kingdom or involves the assertion of a jurisdiction not recognised by the United Kingdom; the seriousness of the case and its importance to persons in the United Kingdom; whether it is otherwise appropriate in the public interest to give the assistance sought.

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Source: legislation.gov.uk · retrieved 2026-09-04