252Interjurisdictional agency

252 Interjurisdictional agency

252 Interjurisdictional agency

(1) The fidelity authority may request a fidelity authority of another jurisdiction to act as its agent for the purpose of processing or investigating a claim about a default if the default appears to have—

(a) occurred partly or solely in the other authority’s jurisdiction; or

(b) occurred in circumstances in which it cannot be determined precisely in which jurisdiction the default occurred.

(2) If the fidelity authority agrees to act as agent of another fidelity authority, it may—

(a) act as agent of the other authority for the purpose of processing or investigating the claim; and

(b) exercise any of its powers or other functions in relation to processing or investigating the claim or aspects of the claim as if the claim had been made against the fidelity fund of this jurisdiction.