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Section 13 Financial assistanceI1I2

United Kingdom

(1)

The Secretary of State or the Treasury may give financial assistance to a person for the purpose of—

(a)

meeting expenses incurred, or to be incurred, by the person in performing duties, or exercising powers, imposed or conferred by or under regulations made under this Part, or

(b)

exercising other functions in connection with such regulations.

(2)

But subsection (1) does not enable financial assistance to be provided to a person listed in subsection (3) or to a person acting on their behalf.

(3)

Those persons are—

(a)

data holders,

(b)

customers, or

(c)

third party recipients, other than a third party recipient that is a public authority subject to requirements imposed by regulations made in reliance on section 4(4).

(4)

The financial assistance may be given on such terms and conditions as the Secretary of State or the Treasury considers appropriate.

(5)

In this section, “financial assistance” means any kind of financial assistance whether actual or contingent, including a grant, loan, guarantee or indemnity, but does not include buying a company’s share capital.

Annotations

Commencement

I1

S. 13 in force at Royal Assent for specified purposes, see s. 142(1)(2)(h)

I2

S. 13 in force at 20.8.2025 in so far as not already in force by S.I. 2025/904, reg. 2(a)