{
  "url": "https://openlegislation.uk/financial-institutions-prudential-supervision-regulations-1996/schedule-3/paragraph-5",
  "json_url": "https://openlegislation.uk/financial-institutions-prudential-supervision-regulations-1996/schedule-3/paragraph-5.json",
  "legislation": "uksi/1996/1669",
  "legislation_title": "The Financial Institutions (Prudential Supervision) Regulations 1996",
  "legislation_url": "https://openlegislation.uk/financial-institutions-prudential-supervision-regulations-1996",
  "path": "schedule/3/paragraph/5",
  "kind": "paragraph",
  "number": "5",
  "heading": null,
  "text": "Competent authorities receiving confidential information under paragraphs 2 or 3 may use it only in the course of their duties:\nto check that the conditions governing the taking-up of the business of UCITS or of undertakings contributing towards their business activity are met and to facilitate the monitoring of the conduct of that business, administrative and accounting procedures and internal-control mechanisms,\nto impose sanctions,\nin administrative appeals against decisions by the competent authorities, or\nin court proceedings initiated under Article 51(2).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1996/1669/schedule/3/paragraph/5",
    "retrieved_at": "2026-10-29T12:40:24.499118+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}