Paragraph 2

United Kingdom

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. 7 para. 2(1)(b) word omitted by Bank of England and Financial Services Act 2016 Sch. 2 para. 22(2)(a)
Sch. 7 para. 2(1)(d) inserted by Bank of England and Financial Services Act 2016 Sch. 2 para. 22(2)(b)
Sch. 7 para. 3(1) words omitted by Bank of England and Financial Services Act 2016 Sch. 2 para. 22(3)

(1)

Paragraph 1 does not preclude the disclosure of information in any case in which disclosure is for the purpose of enabling or assisting the Bank to discharge—

(a)

its functions as a monetary authority,

(b)

its functions as a supervisor of systems for the transfer of funds between credit institutions and their customers, F1...

(c)

its functions under F2Schedule 2ZA, F3 or

(d)

its functions as the Prudential Regulation Authority.

F4(2)

“Credit institution” means an undertaking whose business is to receive deposits or other repayable funds from the public and to grant credits for its own account.

Annotations

Textual amendments

F1: Word in Sch. 7 para. 2(1)(b) omitted (1.3.2017) by virtue of Bank of England and Financial Services Act 2016 (c. 14), s. 41(3), Sch. 2 para. 22(2)(a) (with Sch. 3); S.I. 2017/43, reg. 2(g)
F2: Words in Sch. 7 para. 2(1)(c) substituted (1.3.2024) by Financial Services and Markets Act 2023 (c. 29), ss. 71(7), 86(3); S.I. 2024/250, reg. 2(c)
F3: Sch. 7 para. 2(1)(d) inserted (1.3.2017) by Bank of England and Financial Services Act 2016 (c. 14), s. 41(3), Sch. 2 para. 22(2)(b) (with Sch. 3); S.I. 2017/43, reg. 2(g)
F4: Sch. 7 para. 2(2) substituted (1.12.2001) by S.I. 2001/3649, arts. 1, 164(2)