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The Financial Services (Banking Reform) Act 2013 (Disclosure of Confidential Information) Regulations 2014

Consolidated Text Cited authorities 35 Cited in Amendments 6 Related
Vincent
JurisdictionUK Non-devolved
CitationSI 2014/882
Year2014
  • These Regulations may be cited as the Financial Services (Banking Reform) Act 2013 (Disclosure of Confidential Information) Regulations 2014 and come into force on 28th April 2014.
  • In these Regulations—
    • (1) A primary recipient of confidential information, or a person obtaining such information directly or indirectly from a primary recipient, is permitted to disclose such information to a person specified in the first column in the Schedule for the purpose of enabling or assisting that person to discharge any function listed beside that person in the second column in the Schedule.(2) A person specified in the first column in the Schedule is permitted to disclose confidential information to any person for the purpose of enabling or assisting the person making the disclosure to discharge any function listed beside that person in the second column in the Schedule.(3) Paragraphs (1) and (2) do not permit disclosure in contravention of any of the F14retained EU law restrictions.
  • for the purposes of any criminal investigation which is being or may be carried out, whether in the United Kingdom or elsewhere;
  • for the purposes of any criminal proceedings which have been or may be initiated, whether in the United Kingdom or elsewhere;
  • for the purposes of any proceedings under Part 2, 3 or 4 of the Proceeds of Crime Act 2002
  • for the purpose of initiating or bringing to an end any such investigation or proceedings, or of facilitating a determination of whether it or they should be initiated or brought to an end.
    • a regulator or the Secretary of State, for the purpose of initiating proceedings to which this regulation applies, or of facilitating a determination of whether they should be initiated; orany person, for the purposes of proceedings to which this regulation applies and which have been initiated, for the purpose of bringing to an end such proceedings, or of facilitating a determination of whether they should be brought to an end.(2) A regulator or the Secretary of State (or a person who is employed by one of the regulators or the Secretary of State) is permitted to disclose confidential information to any person for a purpose mentioned in paragraph (1) (a) .proceedings arising under or by virtue of Part 5 of the Act (regulation of payment systems) ;proceedings before the Competition Appeals Tribunal;proceedings before the Competition and Markets Authority;proceedings before the Upper Tribunal;any other civil proceedings

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