SCHEDULES

SCHEDULE 7BSpecified persons, descriptions of disclosures etc. for the purposes of section 245G

Part 3Overseas regulatory bodies

17

In determining whether to disclose information to a body in accordance with this Part of this Schedule, the authorised person must have regard to the following considerations—

a

whether the use which the body is likely to make of the information is sufficiently important to justify making the disclosure; and

b

whether the body has adequate arrangements to prevent the information from being used or further disclosed other than for the purposes of carrying out the functions mentioned in paragraph 16 or any other purposes substantially similar to those for which information disclosed to the authorised person could be used or further disclosed.