The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001

Disclosure of information by the Secretary of State

124.—(1) The table set out in section 158A(1)(1) of the Pension Schemes Act 1993 (power of Secretary of State to disclose social security information for certain purposes) is amended as follows.

(2) The entries relating to the following persons are repealed—

• The Treasury;

• The Friendly Societies Commission;

• The Building Societies Commission;

• An inspector appointed by the Secretary of State;

• A person authorised to exercise powers under section 106 of the Financial Services Act 1986;

• A designated agency or transferee body or the competent authority (within the meaning of the Financial Services Act 1986); and

• A recognised self-regulating organisation, recognised professional body, recognised investment exchange or recognised clearing house (within the meaning of the Financial Services Act 1986).

(3) In the entry relating to the Financial Services Authority(2), for the second column, substitute—

“Functions under the legislation relating to friendly societies, under the Building Societies Act 1986 or under the Financial Services and Markets Act 2000.”

(4) After the entry relating to the Pensions Compensation Board insert—

“A person appointed under— (a) section 167 of the Financial Services and Markets Act 2000, (b) subsection (3) or (5) of section 168 of that Act, or (c) section 284 of that Act, to conduct an investigation.	Functions in relation to that investigation
A body designated under section 326(1) of the Financial Services and Markets Act 2000.	Functions in its capacity as a body designated under that section.
A recognised investment exchange or a recognised clearing house (as defined by section 285 of that Act).	Functions in its capacity as an exchange or clearing house recognised under that Act.”.

(1)

Section 158A was inserted by the Pensions Act 1995 (c. 26) Schedule 6 paragraph 9.

(2)

The entry relating to the Financial Services Authority was inserted by the Bank of England Act 1998 (c. 11) Schedule 5 paragraph 69(3).