Part 8 General
Financial Services and Markets Act 2023 (2023 c 29) | Legislation

Part 8 General

Information

148

(1)     The Bank may disclose information that it thinks relevant to the financial stability of—

(a)     individual CCPs, or

(b)     one or more aspects of the UK financial system.

(2)     Information about the business or other affairs of a specified or identifiable person may be disclosed under sub-paragraph (1) only to—

(a)     the Treasury;

(b)     the FCA;

(c)     the scheme manager of the Financial Services Compensation Scheme (established under Part 15 of FSMA 2000);

(d)     the Payment Systems Regulator (established under section 40 of the Financial Services (Banking Reform) Act 2013);

(e)     an authority in a country or territory outside the United Kingdom which exercises functions similar to those of the Treasury, the Bank, the PRA or the FCA in relation to financial stability.

(3)     Except as provided by sub-paragraph (4), the disclosure of information under this paragraph does not breach—

(a)     any obligation of confidence owed by the person making the disclosure, or

(b)     any other restriction on the disclosure of information (however imposed).

(4)     This paragraph does not authorise a disclosure of information if the disclosure would contravene the data protection legislation (but in determining whether a disclosure

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