Bank of England and Financial Services Act 2016

Financial Services and Markets Act 2000 (c. 8)

46 (1) Section 353A (restriction on disclosing information received from Bank) is amended as follows.

(2) In subsection (1) for “A regulator” substitute “The FCA”.

(3) In subsection (3) for the words from “the regulator” to the end substitute “the FCA received the information from the Bank of England.”

(4) In subsection (4) for “regulator to which it disclosed the information” substitute “FCA”.

(5) In subsection (6)—

(a) omit paragraph (a);

(b) in paragraph (d) for “regulator” substitute “FCA”.

(6) In subsection (7)—

(a) in the words before paragraph (a) for “a regulator” substitute “the FCA”;

(b) in paragraphs (a)(i) and (b) for “regulator” substitute “FCA”.

(7) In subsection (8)—

(a) for “a regulator” substitute “the FCA”;

(b) for “that regulator” substitute “the FCA”.

(8) In subsection (9)—

(a) for “Each regulator” substitute “The FCA”;

(b) in paragraphs (b) and (c) for “regulator” substitute “FCA”.

(9) After subsection (9) insert—

“(10) In this section references to the Bank of England include the Bank acting in its capacity as the PRA.”