Explanatory note

These Regulations amend tables in Schedules 1 and 2 to the Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001 (S.I. 2001/2188) (“the 2001 Regulations”).

These Regulations omit references to the General Council of the Bar, the Law Society of England and Wales and the Chartered Institute of Legal Executives in the table in Part 1 of Schedule 1 to the 2001 Regulations. These Regulations also insert references to those legal regulators together with references to the Faculty of Advocates, the Law Society of Scotland, the General Council of the Bar of Northern Ireland, the Law Society of Northern Ireland and the regulator of a foreign lawyer in the table in Schedule 2 to the 2001 Regulations. The amendments permit a primary recipient (including the FCA) to disclose confidential information to these legal regulators.

A full impact assessment has not been produced for this instrument as no, or no significant, impact on the private, voluntary sector or community bodies is foreseen.