{
  "url": "https://openlegislation.uk/bank-of-england-act-1998/schedule-7/paragraph-3",
  "json_url": "https://openlegislation.uk/bank-of-england-act-1998/schedule-7/paragraph-3.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/3",
  "kind": "paragraph",
  "number": "3",
  "heading": null,
  "text": "(1) Paragraph 1 does not preclude the disclosure by the Bank of information to any authority specified in the first column of the following Table if the Bank considers that the disclosure would enable or assist that authority to discharge any of the functions specified in relation to it in the second column of that Table.\nTable\nAuthority\nFunctions\nThe Treasury.\nFunctions under the Financial Services and Markets Act 2000.\nThe Secretary of State.\nFunctions under the Financial Services and Markets Act 2000.\nAn inspector appointed under Part 14 of the Companies Act 1985 ....\nFunctions under that Part.\nA person authorised to exercise powers under section 447 of the Companies Act 1985 ... or section 84 of the Companies Act 1989.\nFunctions under that section ....\nA person appointed under—\n(a)section 167 of the Financial Services and Markets Act 2000,\n(b)subsection (3) or (5) of section 168 of that Act, or\n(c)section 284 of that Act,\nto conduct an investigation.\nFunctions in relation to that investigation.\nThe Financial Conduct Authority ....\nFunctions under the legislation relating to friendly societies, the Building Societies Act 1986, Part 7 of the Companies Act 1989 or the Financial Services and Markets Act 2000.\n. . .\n. . .\nThe Chancellor of the Exchequer (or any person to whom any functions of the Chancellor of the Exchequer under the Statistics of Trade Act 1947 are delegated)\nFunctions under the Statistics of Trade Act 1947.\nThe Pensions Regulator\nFunctions conferred by or by virtue of—\n(a)the Pension Schemes Act 1993,\n(b)the Pensions Act 1995,\n(c)the Welfare Reform and Pensions Act 1999,\n(d)the Pensions Act 2004, or\n(e)any enactment in force in Northern Ireland corresponding to an enactment mentioned in paragraphs (a) to (d) above.\nThe Payment Systems Regulator established under section 40 of the Financial Services (Banking Reform) Act 2013\nFunctions conferred by, or by virtue of, that Act, the Payment Card Interchange Fee Regulations 2015 and the Payment Services Regulations 2017.\n(2) The Treasury may by order amend the Table in sub-paragraph (1) by—\n(a) adding any public or other authority and specifying functions in relation to it,\n(b) removing any authority for the time being specified in the Table, or\n(c) altering the functions for the time being specified in the Table in relation to any authority.\n(3) The Treasury may by order restrict the circumstances in which, or impose conditions subject to which, disclosure is permitted in the case of any authority for the time being specified in the Table.\n(4) Before making an order under this paragraph, the Treasury shall consult the Bank.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Table in Sch. 7 para. 3 substituted (1.12.2001) by S.I. 2001/3649, arts. 1, 164(3)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Sch. 7 para. 3(1) omitted (1.10.2009) by virtue of The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 1(2), Sch. 1 para. 172(a) (with art. 10)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in Sch. 7 para. 3(1) omitted (1.10.2009) by virtue of The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 1(2), Sch. 1 para. 172(b)(i) (with art. 10)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in Sch. 7 para. 3(1) omitted (1.10.2009) by virtue of The Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 1(2), Sch. 1 para. 172(b)(ii) (with art. 10)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Words in Sch. 7 para. 3 substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 85(5)(a) (with Sch. 20); S.I. 2013/423, art. 3, Sch."
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Words in Sch. 7 para. 3(1) omitted (1.3.2017) by virtue of Bank of England and Financial Services Act 2016 (c. 14), s. 41(3), Sch. 2 para. 22(3) (with Sch. 3); S.I. 2017/43, reg. 2(g)"
    },
    {
      "type": "F",
      "label": "F7",
      "text": "Sch. 7 para. 3 entry omitted (1.4.2013) by virtue of Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 85(5)(b) (with Sch. 20); S.I. 2013/423, art. 3, Sch."
    },
    {
      "type": "F",
      "label": "F8",
      "text": "Words in Sch. 7 para. 3 substituted (1.4.2008) by Statistics and Registration Service Act 2007 (c. 18), s. 74(1), Sch. 2 para. 7; S.I. 2008/839, art. 2"
    },
    {
      "type": "F",
      "label": "F9",
      "text": "Entry in Sch. 7 para. 3(1) substituted (6.4.2005) by Pensions Act 2004 (c. 35), s. 322(1), Sch. 12 para. 70; S.I. 2005/695, art. 2(7), Sch. 1"
    },
    {
      "type": "F",
      "label": "F10",
      "text": "Words in Sch. 7 para. 3(1) inserted (13.1.2018) by The Banking Act 2009 (Service Providers to Payment Systems) Order 2017 (S.I. 2017/1167), arts. 1(3), 4"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "Sch. 7 para. 3 amended (temp. from 3.9.2001 until 1.12.2001) by S.I. 2001/2966, arts. 3, 12; S.I. 2001/3538, art. 2(1)"
    }
  ],
  "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/3",
    "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."
}