{
  "url": "https://openlegislation.uk/bank-of-england-act-1998/schedule-7/paragraph-1",
  "json_url": "https://openlegislation.uk/bank-of-england-act-1998/schedule-7/paragraph-1.json",
  "legislation": "ukpga/1998/11",
  "legislation_title": "Bank of England Act 1998",
  "legislation_url": "https://openlegislation.uk/bank-of-england-act-1998",
  "path": "schedule/7/paragraph/1",
  "kind": "paragraph",
  "number": "1",
  "heading": null,
  "text": "(1) Subject to sub-paragraph (2), information is restricted information for the purposes of this paragraph if—\n(a) it is obtained by the Bank by virtue of the power conferred by section 17(1) or paragraph 9 of Schedule 2ZA (whether or not it was obtained pursuant to a notice under that provision), and\n(b) it relates to the business or other affairs of any person.\n(2) Information is not restricted information for the purposes of this paragraph if—\n(a) it has been made available to the public from other sources, or\n(b) it is in the form of a summary or collection of information so framed as not to enable information relating to any particular person to be ascertained from it.\n(3) Except as permitted by the following provisions of this Schedule, restricted information shall not be disclosed by—\n(a) the Bank or any officer or employee of the Bank, or\n(b) any person obtaining the information directly or indirectly from the Bank,\nwithout the consent of the person from whom the Bank obtained the information and, if different, the person to whom the information relates.\n(4) Any person who discloses information in contravention of this paragraph shall be guilty of an offence and liable—\n(a) on conviction on indictment, to imprisonment for a term not exceeding 2 years, or to a fine, or to both;\n(b) on summary conviction, to imprisonment for a term not exceeding 3 months, or to a fine not exceeding the statutory maximum, or to both.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Sch. 7 para. 1(1)(a) substituted (1.3.2024) by Financial Services and Markets Act 2023 (c. 29), ss. 71(6), 86(3); S.I. 2024/250, reg. 2(c)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Word in Sch. 7 para. 1(3)(a) substituted (19.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 2 para. 5 (with Sch. 20); S.I. 2013/113, art. 2(2), Sch. Pt. 4; S.I. 2013/423, art. 3, Sch."
    }
  ],
  "outstanding_effects": [
    {
      "type": "word omitted",
      "affecting": "ukpga/2016/14",
      "affecting_title": "Bank of England and Financial Services Act 2016"
    },
    {
      "type": "inserted",
      "affecting": "ukpga/2016/14",
      "affecting_title": "Bank of England and Financial Services Act 2016"
    },
    {
      "type": "words omitted",
      "affecting": "ukpga/2016/14",
      "affecting_title": "Bank of England and Financial Services Act 2016"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1998/11/schedule/7/paragraph/1",
    "retrieved_at": "2026-10-29T09:23:10.863404+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}