• 9.3 9.3 Circumstances in which the Regulator may decline to act

    • 9.3.1

      This section applies if the Regulator is the Home Regulator in relation to a Passported Fund.

      Inserted on (11 March, 2019).

    • 9.3.2

      The Regulator may refuse to act on a request by a Host Regulator for cooperation in relation to an inspection in the following circumstances:

      (a) the Regulator has already commenced, or concluded, enforcement action in respect of the same conduct and the same Persons; or
      (b) judicial proceedings have already been initiated, or concluded, in respect of the same conduct and the same Persons.
      Inserted on (11 March, 2019).