Part VIII Miscellaneous and Supplemental

Government borrowing etc.

137 National Savings Bank: disclosure of information.

The following shall be inserted after section 12(2) of the M1National Savings Bank Act 1971 (secrecy)—

2A

Subsection (1) above shall not prevent the disclosure, by a person authorised by the Director of Savings, of information to any person for a permitted purpose.

2B

A permitted purpose is a purpose connected with the provision of information about—

a

the business of the National Savings Bank;

b

any other means by which money is raised under the auspices of, by or through the Director of Savings.

2C

A person to whom information is disclosed in pursuance of subsection (2A) above shall not—

a

use the information for a purpose other than a permitted purpose;

b

disclose the information to any other person.