The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) (Amendment) Regulations 2003
| Jurisdiction | UK Non-devolved |
| Citation | SI 2003/1092 |
| Year | 2003 |
2003 No. 1092
FINANCIAL SERVICES AND MARKETS
The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) (Amendment) Regulations 2003
Made 10th April 2003
Laid before Parliament 11th April 2003
Coming into force 2nd May 2003
The Treasury, in exercise of the powers conferred on them by sections 349(1)(b) and (2) and 417(1)1of the Financial Services and Markets Act 20002, hereby make the following Regulations:
Citation and commencement
1. These Regulations may be cited as the Financial Services and Markets Act 2000 (Disclosure of Confidential Information) (Amendment) Regulations 2003, and come into force on 2nd May 2003.
Interpretation
2. In these Regulations:
“the Act” means the Financial Services and Markets Act 2000;
“the 2001 Regulations” means the Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 20013.
Amendment of the 2001 Regulations
3. The 2001 regulations are amended by:
(a) inserting, after regulation 4(b)—
“(ba)
“(ba) for the purposes of any proceedings under Part 2, 3 or 4 of the Proceeds of Crime Act 20024which have been, or may be initiated;”;
(b) adding the following entry at the end of the table in Part 1 of Schedule 1—
A person upon whom functions are conferred by or under Part 2, 3 or 4 of the Proceeds of Crime Act 2002 |
Those functions |
(c) inserting, after regulation 12A—
“12B. A primary recipient of information to which this Part applies, or a person obtaining such information directly or indirectly from a primary recipient is permitted to disclose such information to any person for the purposes of any proceedings under the Proceeds of Crime Act 2002 which have been or may be initiated.”.
(d) adding the following entry at the end of the table in Schedule 2—
A person upon whom functions are conferred by or under the Proceeds of Crime Act 2002 |
Those functions |
Jim Fitzpatrick
Philip Woolas
Two of the Lords Commissioners ofHer Majesty’s Treasury
9th April 2003
(This note is not part of the Regulations)
These Regulations amend the Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001 (S.I. 2001/2188) (“the principal regulations”) to allow for the disclosure of certain information by primary recipients as defined in section 348(5) of the Financial Services and Markets Act 2000 (“FSMA”)) and...
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