FSA extends long arm of the law

The agreement with the Association of Chief Police Officers (ACPO) sets out how the regulator and police will co-operate on investigations where the FSA has powers to prosecute. The Memorandum of Understanding, as it is know between the two bodies, replaces the more limited agreement that has existed between the FSA and the City of London Police since July 2003. It gives the FSA the option to request the assistance of police from any part of the country, in questioning individuals in the case of arrestable offences. These included insider dealing, which is covered by section 52 of the Cr...