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Insurance Companies Act 1982 (repealed)

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Changes over time for: Paragraph 1

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Version Superseded: 01/12/2001

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Status:

Point in time view as at 05/01/1998. This version of this provision has been superseded. Help about Status

Changes to legislation:

Insurance Companies Act 1982 (repealed), Paragraph 1 is up to date with all changes known to be in force on or before 06 December 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

1(1)Subject to the following provisions of this Part of this Schedule, information which—

(a)is restricted information for the purposes of this paragraph; and

(b)relates to the business or other affairs of a relevant person,

shall not be disclosed without the consent of the person from whom the information was obtained and, if different, the person to whom it relates.

(2)Subject to sub-paragraph (3) below, information is restricted information for the purposes of this paragraph if it was obtained by [F2the Treasury or] the Secretary of State for the purposes of, or in the discharge of, functions under this Act or any rules or regulations made under this Act (whether or not by virtue of any requirement to supply it made under those provisions).

(3)Information is not restricted information for the purposes of this paragraph if—

(a)it has been made available to the public from other sources, or

(b)it is information in the form of a summary or is information so framed as not to enable information relating to any particular person to be ascertained from it.

(4)The following are relevant persons for the purposes of this paragraph, namely—

(a)any UK, EC or non-EC company [F3or any member of Lloyd’s]; and

(b)any controller, manager, chief executive, general representative, agent or employee of such a company.

(5)Any person who discloses information in contravention of this paragraph shall be guilty ofan offence and liable—

(a)on conviction or indictment, to imprisonment for a term not exceeding two years or to a fine or to both;

(b)on summary conviction, to imprisonment for a term not exceeding three months or to a fine not exceeding the statutory maximum or to both.

Textual Amendments

F2Words in Sch. 2B para. 1(2) inserted (5.1.1998) by S.I. 1997/2781, art. 8, Sch. Pt. I para. 53 (with art. 7)

F3Words in Sch. 2B para. 1(4)(a) inserted (30.12.1994) by S.I. 1994/3132, reg. 10(2)

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