Part 5: Miscellaneous Chapter 2: Provision of investigative assistance to overseas regulators Section 323: Notifications in respect of requests for investigative assistance
This section states that R must notify the Secretary of State where it has received a request for assistance from O and is inclined to provide the requested assistance, and where the Secretary of State has not previously approved the assistance requested as part of a general authorisation (subsection (1), paragraph (b)). This requirement does not apply where the overseas regulator is making a request in accordance with a qualifying cooperation agreement (subsection 2). Subsection (3) requires R to notify O as to whether R will be providing the assistance requested and, whether there are any conditions imposed on that assistance by the Secretary of State.