Part V U.K. Restriction on Disclosure of Information

Modifications etc. (not altering text)

C1 Pt. V (ss. 82-87) modified (1.6.1998) by 1998 c. 11, s. 23, Sch. 5 Pt. IV Ch. I para. 57(2)(3)(4); S.I. 1998/1120, art. 2

Pt. V (ss. 82-87) modified (1.6.1998) by 1998 c. 11, ss. 23, 36(4), Sch. 5 Pt. IV Chapter I para. 57; S.I. 1998/1120, art. 2

83 Disclosure for facilitating discharge of functions by the Bank. U.K.

(1) Section 82 above does not preclude the disclosure of information in any case in which disclosure is for the purpose of enabling or assisting the Bank to discharge.

[F1 (a) its function as a monetary authority; or

(b) its functions as a monetary authority; or

(c) its functions as a supervisor of money market and gilt market institutions]

(2) Without prejudice to the generality of subsection (1) above, that section does not preclude the disclosure of information by the Bank to the auditor of an authorised institution or former authorised institution if it appears to the Bank that disclosing the information would enable or assist the Bank to discharge the functions mentioned in that subsection or would otherwise be in the interests of depositors.

(3) If, in order to enable or assist the Bank properly to discharge any of its functions under this Act, the Bank considers it necessary to seek advice from any qualified person on any matter of law, accountancy, valuation or other matter requiring the exercise of professional skill, section 82 above does not preclude the disclosure by the Bank to that person of such information as appears to the Bank to be necessary to ensure that he isproperly informed with respect to the matters on which his advice is sought.

Textual Amendments

F1 Words in s. 83(1) substituted (1.1.1993) by S.I. 1992/3218, reg.38 (with savings in reg. 46(b))

Modifications etc. (not altering text)

C2 S. 83 amended (1.1.1993) by S.I. 1992/3218, reg. 47, Sch. 8, para.23.