# Finance Act 1994, Paragraph 28B

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

(1) Notwithstanding any obligation not to disclose information that would otherwise apply, the Commissioners may disclose information to a regulator for the purpose of assisting the regulator in the performance of its functions.
(2) Information that has been disclosed to a regulator pursuant to this paragraph shall not be disclosed by the 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.
(3) In this paragraph “regulator” means—
(a) the Financial Conduct Authority;
(b) the Prudential Regulation Authority.

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Source: https://www.legislation.gov.uk/ukpga/1994/9/schedule/7/paragraph/28B (the official version)
Page: https://openlegislation.uk/finance-act-1994/schedule-7/paragraph-28B
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.