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Regulation 3 Information

Original text. Later amendments are not shown.

(1)

Information is only prescribed under these Regulations if it—

(a)

is in the possession of, or immediately available to, a deposit-taker at the time the deposit-taker is given an information notice or, as the case may be, a hold notice, and

(b)

describes the account, or, as the case may be, person, at the relevant time.

(2)

The relevant time for the purposes of regulation 3(1)(b) is—

(a)

in the case of the information prescribed by regulations 5(1)(f) and 5(1)(g), immediately after the deposit-taker has complied with the hold notice, and

(b)

in any other case, immediately before the deposit-taker complies with the information notice, or, as the case may be, hold notice.