Section 51Part 7 — General
Memoranda of understanding
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The Authority may, in the exercise of its co-operative functions, after consultation with the Minister charged with responsibility for Financial Services, enter into memoranda of understanding with overseas regulatory authorities for the purpose of assisting cross border supervision with such authorities or for such other regulatory or supervisory purposes as the Authority may deem fit.
No memorandum of understanding may call for assistance beyond that which is provided for by this Law, or relieve the Authority of any of its functions or duties under this Law.
The Authority shall notify the Minister charged with responsibility for Financial Services of each memorandum of understanding entered into and promptly publish the memorandum of understanding in the Gazette.