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Insurance Companies Act 1982 (repealed)

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Valid from 01/07/1994

PART IIU.K. INFORMATION RELATING TO OTHER PERSONS

Restriction on disclosureU.K.

6(1)Subject to paragraph 7 below, no information which—

(a)has been obtained under section 44(2) to (4) F1 or 44A F2 above; and

(b)relates to the business or other affairs of a person who is not a relevant person for the purposes of paragraph 1 above,

shall be disclosed without the consent of the person from whom the information was obtained and, if different, the person to whom it relates.

(2)A person who discloses any information in contravention of this paragraph shall be guilty of an offence under section 449 of the Companies Act or Article 442 of the Companies (Northern Ireland) Order 1986 and liable accordingly.

Textual Amendments

F1Subsections (2) to (4) have been amended by the Companies Act 1989 (c.40), section 77(2).

Permitted disclosuresU.K.

7(1)Paragraph 6 above does not preclude the disclosure of information to any person who is a competent authority for the purposes of section 449 of the Companies Act or Article 442(1)(a) to (e) of the Companies (Northern Ireland) Order 1986.

(2)Paragraph 6 above does not preclude the disclosure of information as mentioned in any of the paragraphs except (m) of subsection (1) of section 180 of the Financial Services Act 1986 or in subsection (3) or (4) of that section or as mentioned in section 449(1) of the Companies Act or Article 442 of that Order.

(3)Paragraph 6 above does not preclude the disclosure of any such information as is mentioned in section 180(5) of the Financial Services Act 1986 by any person who by virtue of that section is not precluded by section 179 of that Act from disclosing it.

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