# The National Savings (No. 2) Regulations 2015, Regulation 82: Obligation of secrecy

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

(1) Subject to paragraphs (2) and (3), a person employed in connection with activity arising under these Regulations may not disclose to any person, other than the Director of Savings or a person employed in putting these Regulations into effect—
(a) in relation to bonds and certificates—
(i) the name of the purchaser or holder of a bond, a certificate, or a children’s certificate; or
(ii) the number of those purchased or held by a person;
(b) in relation to stock—
(i) the name of the holder of any stock; or
(ii) the amount or description of stock subscribed for or purchased by a person; or
(c) the amount paid in relation to a bond, stock, a certificate or children’s certificate.
(2) The Director of Savings (or a person authorised by the Director of Savings for this purpose)—
(a) may disclose information to a person in connection with an offence committed in relation to a bond, stock, a certificate, or children’s certificate, or for the purpose of ascertaining whether or not an offence has been committed;
(b) is not prevented from complying with a notice served under Schedule 36 to the Finance Act 2008 (powers of officers of Revenue and Customs to obtain information and documents and inspect business premises) or section 18 of the Taxes Management Act 1970 (which relates to the obtaining of information as to interest paid without deduction of income tax); or
(c) in relation to children’s certificates, may issue a children’s certificate in documentary form with the name of the purchaser on it, unless the purchaser at the time of purchase requests that their name not appear.
(3) Information within paragraph (1) may be disclosed to a person under arrangements made and conditions imposed by the Director of Savings to enable that person to provide, or assist in connection with the provision of, relevant information to—
(a) a purchaser or holder of a bond, certificate or children’s certificate; or
(b) the holder of any stock,
and that person, for those purposes, is subject to the prohibition in paragraph (1) as if a person employed in putting these Regulations into effect.
(4) In paragraph (3) “relevant information” means information about investment opportunities, services or facilities available from or through the Director of Savings, including information about—
(a) the National Savings Bank;
(b) the National Savings Stock Register; or
(c) any means by which the Treasury raise money under the auspices of the Director of Savings.

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Source: https://www.legislation.gov.uk/uksi/2015/624/regulation/82 (the official version)
Page: https://openlegislation.uk/national-savings-no-2-regulations-2015/regulation-82
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.