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The Professional Qualifications Bill will allow the relevant national authority to enable regulators to enter into regulator recognition agreements with their overseas counterparts. Such arrangements are led by regulators.<\/p>

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The existing powers available to regulators differ depending upon the relevant underpinning legislation. Some regulators may need additional powers to enter into recognition agreements, if regulators choose to do so. This will complement existing legislation. Some examples of regulators in this position include:<\/p>

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