# Banking Act 1987 (repealed), Section 83: Disclosure for facilitating discharge of functions by the Bank.

Extent: E+W+S+N.I.

(1) Section 82 above does not preclude the disclosure of information in any case in which disclosure is for the purpose of enabling or assisting the Authority to discharge.
(a) its function as a monetary authority; or
(aa) its functions in its capacity as a designated agency within the meaning of the Financial Services Act 1986; or
(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(c) its functions as a supervisor of money market . . . institutions
. . .
(d). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2) Without prejudice to the generality of subsection (1) above, that section does not preclude the disclosure of information by the Authority to the auditor of an authorised institution or former authorised institution if it appears to the Authority that disclosing the information would enable or assist the Authority to discharge the functions mentioned in that subsection or would otherwise be in the interests of depositors.
(3) If, in order to enable or assist the Authority properly to discharge any of its functions under this Act, the Authority considers it necessary to seek advice from any qualified person on any matter of law, accountancy, valuation or other matter requiring the exercise of professional skill, section 82 above does not preclude the disclosure by the Authority to that person of such information as appears to the Authority to be necessary to ensure that he isproperly informed with respect to the matters on which his advice is sought.

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Source: https://www.legislation.gov.uk/ukpga/1987/22/section/83 (the official version)
Page: https://openlegislation.uk/banking-act-1987-repealed/section-83
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.