Section 49

The Authority may take such steps as it thinks fit to cooperate with a foreign regulatory authority -

(a}

which is a signatory to the Multilateral Memorandum of

Understanding Concerning Consultation and Co-operation and the Exchange of Information adopted by the International Organisation of Securities

Commissions;

(b} which exercises functions which correspond to those exercisable by the Authority under this Order; or

{c) which has powers relating to the detection of financial crime.

Investigations in support of foreign regulatory authority.