Section 319(5)

In this Chapter— “cooperation arrangement” means an arrangement or agreement relating in whole or in part to cooperation in matters relating to the subject matter of a relevant enactment; “overseas regulator” or “O” means a person or body in a country or territory outside the United Kingdom which appears to R to exercise functions of a public nature corresponding or similar to functions of R; “qualifying cooperation arrangement” means any cooperation arrangement— to which the United Kingdom and the country or territory of O are parties, and which provides for the provision of mutual assistance as between the United Kingdom and that country or territory, or as between R and persons or bodies in that country or territory, in relation to matters relating to— functions of R under a relevant enactment, or functions of O which correspond or are similar to those functions; “relevant enactment” means an enactment listed in the first column of the table in subsection (2); “relevant regulator” or “R” means a regulator listed in the second column of the table in subsection (2).

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Source: legislation.gov.uk · retrieved 2026-07-30