F1PART 9ARules and Guidance

Annotations:
Amendments (Textual)
F1

Pt. 9A substituted for ss. 138-164 (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 24(1), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3; S.I. 2013/423, art. 3, Sch.

CHAPTER 1Rule-making powers

Specific rule-making powers

137PControl of information rules

1

Either regulator may make rules (“control of information rules”) about the disclosure and use of information held by an authorised person (“A”).

2

Control of information rules may—

a

require the withholding of information which A would otherwise be required to disclose to a person (“B”) for or with whom A does business in the course of carrying on any regulated or other activity;

b

specify circumstances in which A may withhold information which A would otherwise be required to disclose to B;

c

require A not to use for the benefit of B information—

i

which is held by A, and

ii

which A would otherwise be required to use for the benefit of B;

d

specify circumstances in which A may decide not to use for the benefit of B information within paragraph (c).