When making Part 9C rules, the FCA must, among other things, have regard to—
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When making Part 9C rules, the FCA must consider, and consult the Treasury about, the likely effect of the rules on relevant equivalence decisions.
For the purpose of this section, an equivalence decision is "relevant" if the Treasury have, by notice in writing, informed the FCA that it is relevant for that purpose.
In this section—
"equivalence decision" means a decision as to whether the law and practice of one country or territory is equivalent to the law and practice of another country or territory, either generally or as it relates to a particular matter;
"territory" includes the European Union and any other international organisation or authority comprising countries or territories.
This section is subject to section 143I.