The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) (Amendment) Regulations 2003

Amendment of the 2001 Regulations

3.  The 2001 regulations are amended by:

(a) inserting, after regulation 4(b)—

“(ba) for the purposes of any proceedings under Part 2, 3 or 4 of the Proceeds of Crime Act 2002(1) which have been, or may be initiated;”;

(b) adding the following entry at the end of the table in Part 1 of Schedule 1—

A person upon whom functions are conferred by or under Part 2, 3 or 4 of the Proceeds of Crime Act 2002

Those functions

(c) inserting, after regulation 12A—

“12B.   A primary recipient of information to which this Part applies, or a person obtaining such information directly or indirectly from a primary recipient is permitted to disclose such information to any person for the purposes of any proceedings under the Proceeds of Crime Act 2002 which have been or may be initiated.”.

(d) adding the following entry at the end of the table in Schedule 2—

A person upon whom functions are conferred by or under the Proceeds of Crime Act 2002

Those functions

(1)

2002 c. 29.