40. Delegation of Functions and Powers to Other Regulators

(1) Without limiting in any way the generality of any other provisions of the Law, the DFSA may delegate functions and powers to a representative of:
(a) a Financial Services Regulator;
(b) a governmental or regulatory authority in the State or elsewhere exercising powers and performing functions relating to anti-money laundering, counter-terrorist financing or sanctions compliance; or
(c) a civil or criminal law enforcement agency of the State;
for the purpose of exercising the powers of the DFSA under Chapters 1 and 2 of Part 5.
(2) The DFSA may delegate a function or power under this Article only if it considers that there are adequate arrangements in place to ensure that the delegated function or power will be exercised in a manner that is consistent with Chapters 1 and 2 of Part 5 and the objectives of the DFSA.