Paragraph 28B F1

United Kingdom

(1)

Notwithstanding any obligation not to disclose information that would otherwise apply, the Commissioners may disclose information to F2a regulator for the purpose of F3assisting the regulator in the performance of its functions.

(2)

Information that has been disclosed to F4a regulator pursuant to this paragraph shall not be disclosed by F5the regulator except for the purpose of any proceedings connected with the operation of any provision of, or made under, any enactment in relation to insurance or to tax.

F6(3)

In this paragraph “regulator” means—

(a)

the Financial Conduct Authority;

(b)

the Prudential Regulation Authority.

Annotations

Textual amendments

F1: Sch. 7 para. 28B inserted (4.3.2004) by The Financial Services and Markets Act 2000 (Consequential Amendments) Order 2004 (S.I. 2004/355), arts. 1(1), 4
F2: Words in Sch. 7 para. 28B(1) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 79(2)(a)(i) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F3: Words in Sch. 7 para. 28B(1) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 79(2)(a)(ii) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F4: Words in Sch. 7 para. 28B(2) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 79(2)(b)(i) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F5: Words in Sch. 7 para. 28B(2) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 79(2)(b)(ii) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F6: Sch. 7 para. 28B(3) inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 79(2)(c) (with Sch. 20); S.I. 2013/423, art. 3, Sch.

Notes on Schedule 7

Modifications

C1: Sch. 7 extended (19.3.1997) by 1997 c. 16, s. 50, Sch. 5 Pt. I paras. 1, 4(2)