Modifications etc. (not altering text)
C1Sch. 7 extended (19.3.1997) by 1997 c. 16, s. 50, Sch. 5 Pt. I paras. 1, 4(2)
28(1)Notwithstanding any obligation not to disclose information that would otherwise apply, the Commissioners may disclose information—U.K.
(a)to the Secretary of State, or
(b)to an authorised officer of the Secretary of State,
for the purpose of assisting the Secretary of State in the performance of his duties.
(2)Notwithstanding any such obligation as is mentioned in sub-paragraph (1) above—
(a)the Secretary of State, or
(b)an authorised officer of the Secretary of State,
may disclose information to the Commissioners or to an authorised officer of the Commissioners for the purpose of assisting the Commissioners in the performance of duties in relation to tax.
(3)Information that has been disclosed to a person by virtue of this paragraph shall not be disclosed by him except—
(a)to another person to whom (instead of him) disclosure could by virtue of this paragraph have been made, or
(b)for the purpose of any proceedings connected with the operation of any provision of, or made under, any enactment in relation to insurance or to tax.
(4)References in the preceding provisions of this paragraph to an authorised officer of the Secretary of State are to any person who has been designated by the Secretary of State as a person to and by whom information may be disclosed under this paragraph.
(5)The Secretary of State shall notify the Commissioners in writing of the name of any person designated under sub-paragraph (4) above.
Modifications etc. (not altering text)
C2Sch. 7 para. 28: certain functions of the Secretary of State made exercisable concurrently with the Treasury (5.1.1998) by S.I. 1997/2781, arts. 4(3) (with art. 7)
[F128A(1)Notwithstanding any obligation not to disclose information that would otherwise apply, the Commissioners may disclose information—U.K.
(a)to the Treasury, or
(b)to an authorised officer of the Treasury,
for the purpose of assisting the Treasury in the performance of their duties.
(2)Notwithstanding any such obligation as is mentioned in sub-paragraph (1) above—
(a)the Treasury, or
(b)an authorised officer of the Treasury,
may disclose information to the Commissioners or to an authorised officer of the Commissioners for the purpose of assisting the Commissioners in the performance of duties in relation to tax.
(3)Information that has been disclosed to a person by virtue of this paragraph shall not be disclosed by him except—
(a)to another person to whom (instead of him) disclosure could by virtue of this paragraph have been made, or
(b)for the purpose of any proceedings connected with the operation of any provision of, or made under, any enactment in relation to insurance or to tax.
(4)References in the preceding provisions of this paragraph to an authorised officer of the Treasury are to any person who has been designated by the Treasury as a person to and by whom information may be disclosed under this paragraph.
(5)The Treasury shall notify the Commissioners in writing of the name of any person designated under sub-paragraph (4) above.]
Textual Amendments
F1Sch. 7 para. 28A inserted (5.1.1998) by S.I. 1997/2781, art. 8(1), Sch. Pt. II para. 124 (with art. 7)
[F228B.(1)Notwithstanding any obligation not to disclose information that would otherwise apply, the Commissioners may disclose information to [F3a regulator] for the purpose of [F4assisting the regulator] in the performance of its functions.U.K.
(2)Information that has been disclosed to [F5a regulator] pursuant to this paragraph shall not be disclosed by [F6the regulator] except for the purpose of any proceedings connected with the operation of any provision of, or made under, any enactment in relation to insurance or to tax.]
[F7(3)In this paragraph “regulator” means—
(a)the Financial Conduct Authority;
(b)the Prudential Regulation Authority.]
Textual Amendments
F2Sch. 7 para. 28B inserted (4.3.2004) by The Financial Services and Markets Act 2000 (Consequential Amendments) Order 2004 (S.I. 2004/355), arts. 1(1), 4
F3Words in Sch. 7 para. 28B(1) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 79(2)(a)(i) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F4Words in Sch. 7 para. 28B(1) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 79(2)(a)(ii) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F5Words in Sch. 7 para. 28B(2) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 79(2)(b)(i) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F6Words in Sch. 7 para. 28B(2) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 79(2)(b)(ii) (with Sch. 20); S.I. 2013/423, art. 3, Sch.
F7Sch. 7 para. 28B(3) inserted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 79(2)(c) (with Sch. 20); S.I. 2013/423, art. 3, Sch.