Dormant Assets Act 2022

25 Disclosure of information U.K.

(1) Nothing in this Act or the 2008 Act requires or authorises a disclosure of information that would contravene the data protection legislation (but in determining whether a disclosure would do so, duties imposed and powers conferred by this Act or the 2008 Act are to be taken into account).

(2) Otherwise, no obligation as to secrecy or other restriction on disclosure (however imposed) prevents a participating institution from giving an authorised reclaim fund any information needed by the reclaim fund to enable it to plan for or deal with repayment claims.

(3) In this section —

• “the data protection legislation” has the same meaning as in the Data Protection Act 2018 (see section 3(9) of that Act);

• “participating institution” means an institution with whom the authorised reclaim fund has made arrangements as mentioned in section 23;

• “repayment claims” means claims against the reclaim fund relating to a right to payment arising as mentioned in section 1(2)(b) or 2(2)(b) of the 2008 Act or section 2(2)(b), 5(2)(b) or (3)(b), 8(2)(b), 12(2)(b) or 14(2)(b) above.

Commencement Information

I1 S. 25 not in force at Royal Assent, see s. 34(3)

I2 S. 25 in force at 6.6.2022 by S.I. 2022/582, reg. 2