Regulation 3 Disclosure of specified informationI1

United Kingdom

(1)

The Bank of England may disclose specified information—

(a)

to the persons referred to in regulation 4, 5 or 6 for any of the purposes specified in those regulations;

(b)

to any person—

(i)

where necessary for any other purposes in connection with the Bank of England’s functions as an overseer of F1... payment systems F2and service providers in relation to such systems (whether under Part 5 of the Act (... payment systems) or otherwise), or

(ii)

in any case where the information has already lawfully entered the public domain.

(2)

Paragraph (1)(a) overrides a contractual or other requirement to keep information in confidence.

(3)

The Bank of England may only disclose specified information under paragraph (1)(b)(i)—

(a)

with the consent of the person from whom the Bank of England obtained the information and, if different, the person to whom the information relates, or

(b)

where the information 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.

(4)

Paragraph (1) is without prejudice to any other power to disclose information.

Annotations

Textual amendments

F1: Word in reg. 3(1)(b)(i) omitted (22.12.2017) by virtue of The Payment Systems and Services and Electronic Money (Miscellaneous Amendments) Regulations 2017 (S.I. 2017/1173), regs. 1(2), 8(c)
F2: Words in reg. 3(1)(b)(i) inserted (30.11.2017) by The Banking Act 2009 (Service Providers to Payment Systems) Order 2017 (S.I. 2017/1167), arts. 1(2), 3(a)

Commencement

I1: Reg. 3 in force at 9.4.2010, see reg. 1

Notes on the whole SI

Textual amendments

F1: Word in Title omitted (22.12.2017) by virtue of The Payment Systems and Services and Electronic Money (Miscellaneous Amendments) Regulations 2017 (S.I. 2017/1173), reg. 8(a)