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Recital 18

Recital 18

(18)Section 30 of the FMA Act gives the FMA information-sharing powers to share with any law enforcement or regulatory agency or with an overseas regulator any information or copy of a document that the FMA holds that is related to the FMA’s functions, powers, or duties. That information or copy of a document can be shared where the FMA considers it may assist the overseas regulator in the performance or exercise of the overseas regulator’s functions, powers, or duties under foreign law, and where the FMA is satisfied that appropriate protections are, or will be, in place to maintain confidentiality of that information.

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