SCHEDULES

SCHEDULE 7 Restriction on disclosure of information

Disclosure for the purposes of the Bank’s functions

2

1

Paragraph 1 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—

a

its functions as a monetary authority,

b

its functions as a supervisor of systems for the transfer of funds between credit institutions and their customers, or

c

its functions under Schedule 2.

2

In sub-paragraph (1)(b), “credit institution” has the same meaning as in the M1Banking Coordination (Second Council Directive) Regulations 1992.