The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) (Amendment) Regulations 2024

Amendments to the Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001

2.—(1) The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001(1) are amended as follows.

(2) In regulation 2(2) (interpretation), insert at the appropriate place—

““foreign lawyer” means a person who is a member of a legal profession regulated within a jurisdiction outside England and Wales, Scotland or Northern Ireland, and is entitled to practise as such;”.

(3) In the table in Part 1 of Schedule 1(3) (disclosure of confidential information whether or not subject to retained EU law restrictions), omit—

(a) “The General Council of the Bar” and the corresponding entry in the second column;

(b) “The Law Society of England and Wales” and the corresponding entry in the second column;

(c) “The Chartered Institute of Legal Executives” and the corresponding entry in the second column.

(4) At the end of the table in Schedule 2 (disclosure of confidential information not subject to retained EU law restrictions), insert—

“The General Council of the Bar	Its functions as such
The Law Society	Its functions as such
The Chartered Institute of Legal Executives	Its functions as such
The Faculty of Advocates	Its functions as such
The Law Society of Scotland	Its functions as such
The General Council of the Bar of Northern Ireland	Its functions as such
The Law Society of Northern Ireland	Its functions as such
The regulator of a foreign lawyer	Its functions as such”.

(1)

S.I. 2001/2188.

(2)

There are amendments to regulation 2 which are not relevant to these Regulations.

(3)

Relevant amendment to Part 1 of Schedule 1 was made by S.I. 2018/1253.