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Insurance Companies Act 1982 (repealed)

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Changes over time for: Paragraph 5

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Version Superseded: 18/07/1996

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Status:

Point in time view as at 01/07/1994. This version of this provision has been superseded. Help about Status

Changes to legislation:

Insurance Companies Act 1982 (repealed), Paragraph 5 is up to date with all changes known to be in force on or before 13 December 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

5(1)Paragraph 1 above applies also to information which—

(a)has been supplied to the Secretary of State for the purposes of any relevant functions by a supervisory authority in a member State other than the United Kingdom; or

(b)has been obtained for those purposes by the Secretary of State, or by a person acting on his behalf, in another member State.

(2)Subject to sub-paragraphs (3) and (4) below, information supplied or obtained as mentionedin sub-paragraph (1)(a) or (b) above shall not be disclosed except as provided by paragraph 1 above or—

(a)for the purpose of enabling or assisting the Secretary of State to discharge any relevant functions; or

(b)with a view to the institution of, or otherwise for the purposes of, criminal proceedings, whether under this Act or otherwise.

(3)Information supplied as mentioned in sub-paragraph (1)(a) above may be disclosed—

(a)to a relevant recipient, if the supervisory authority which supplied the information consents to its disclosure and the case is one in which information to which paragraph 1 above applies could be so disclosed by virtue of paragraph 3(1) above; or

(b)to the Treasury or the Secretary of State, if that authority consents to its disclosure and the case is one in which information to which paragraph 1 above applies could be so disclosed by virtue of paragraph 3(3) above.

(4)Information obtained as mentioned in sub-paragraph (1)(b) above may be disclosed—

(a)to a relevant recipient, if the supervisory authority in the member State concerned consents to its disclosure and the case is one in which information to which paragraph 1 above applies could be so disclosed by virtue of paragraph 3(1) above; or

(b)to the Treasury or the Secretary of State, if that authority consents to its disclosure and the case is one in which information to which paragraph 1 above applies could be so disclosed by virtue of paragraph 3(3) above.

(5)In this paragraph—

“relevant functions", in relation to the Secretary of State, means his functions under this Act;

“relevant recipient" means a person specified in any of entries 1 to 7, 12, 13 and 17 in the Table in paragraph 3(1) above.

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