Section 137 National Savings Bank: disclosure of information.

The following shall be inserted after section 12(2) of the M1National Savings Bank Act 1971 (secrecy)—

“(2A)

Subsection (1) above shall not prevent the disclosure, by a person authorised by the Director of Savings, of information to any person for a permitted purpose.

(2B)

A permitted purpose is a purpose connected with the provision of information about—

(a)

the business of the National Savings Bank;

(b)

any other means by which money is raised under the auspices of, by or through the Director of Savings.

(2C)

A person to whom information is disclosed in pursuance of subsection (2A) above shall not—

(a)

use the information for a purpose other than a permitted purpose;

(b)

disclose the information to any other person.”