Building Societies Act 1986 (c. 53)

Part VI U.K. Powers of Control of the Commission

Information U.K.

54 Information disclosed to [F1 Authority] from other sources. U.K.

(1) If and in so far as it appears to the Secretary of State that the disclosure of any information will enable the [F1 Authority] better to discharge its functions under this Act (but not otherwise),—

(a) information obtained by the Secretary of State under section 447 or 448 of the M1 Companies Act 1985 (inspection of companies’ books and papers) may be disclosed to the [F1 Authority] or further disclosed, notwithstanding the provision as to security of information contained in section 449 or that Act; and

(b) where the information is contained in a report made by inspectors appointed under section 431, 432, 442 or 446 of the Companies Act 1985 (investigation of affairs or ownership of companies and certain other bodies corporate) the Secretary of State may furnish a copy of the report to the [F1 Authority].

(2) If and in so far as it appears to the Department of Economic Development that the disclosure of any information will enable the [F1 Authority] better to discharge its functions under this Act (but not otherwise),—

(a) information obtained by the Department under Article 440 or 441 or the M2 Companies (Northern Ireland) Order 1986 (inspection of companies’ books and papers) may be disclosed or further disclosed to the [F1 Authority], notwithstanding the provision as to security of information contained in Article 442 of that Order; and

(b) where the information is contained in a report made by inspectors under Article 424, 425, 435 or 439 of the M3 Companies (Northern Ireland) Order 1986 (investigation of affairs or ownership of companies and certain other bodies corporate) the Department may furnish a copy of the report to the [F1 Authority].

F2 (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F2 (3A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F2 (3B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F2 (3C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F3 (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F3 (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F2 (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F1 Words in s. 54(1)(2) and side-note substituted (17.8.2001 for certain purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2(a)(b), 8, 13(1), Sch. 3 para. 153(a) (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)

F2 S. 54(3)-(6) repealed (1.12.2001) by S.I. 2001/2617, arts. 2(b), 13(2), Sch. 4 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)

F3 S. 54(4)(5) repealed by Banking Act 1987 (c. 22, SIF 10), s. 108, Sch. 6 para. 26(5), Sch. 7 Pt. I and expressed to be repealed (1.12.2001) by S.I. 2001/2617, arts. 2(b), 13(2), Sch. 4 (with art. 13(3), Sch. 4); S.I. 2001/3538, art. 2(a)

Modifications etc. (not altering text)

C1 S.54 modified by Companies Act 1989 (c. 40, SIF 27), s. 88(3)(b)(5)(6)

Marginal Citations

M1 1985 c. 6.

M2 S.I. 1986/1032. (N.I.6)

M3 S.I. 1986/1032 (N.I.6).