[(1) The Treasury may by order specify matters that, in relation to the exercise by either regulator of its functions relating to PRA-authorised persons, are to be, or are to be primarily, the responsibility of one regulator rather than the other.
(2) The order may—
(a) provide that one regulator is or is not to have regard to specified matters when exercising specified functions;
(b) require one regulator to consult the other.]
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