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Financial Services and Markets Act 2000
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Changes over time for: Section 354C
Version Superseded: 01/03/2017
Alternative versions:
- 01/04/2013- Amendment
- 21/04/2016
Point in time - 01/03/2017- Amendment
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Financial Services and Markets Act 2000, Section 354C is up to date with all changes known to be in force on or before 27 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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[F1354CPRA's duty to provide information to Bank of EnglandU.K.
This section has no associated Explanatory Notes
(1)The PRA must disclose to the Bank of England (“the Bank”) any information in its possession that it thinks will or may assist the Bank in achieving its financial stability objective.
(2)The duty in subsection (1) applies whether or not the Bank has requested that the information be disclosed to it.
(3)Subsection (1) does not require or authorise the disclosure of information whose disclosure—
(a)is prohibited by or under section 348 or any other enactment;
(b)is incompatible with any EU obligation;
(c)would constitute or be punishable as a contempt of court.
(4)This section is without prejudice to any other power to disclose information.
(5)The Bank's financial stability objective is the objective set out in section 2A(1) of the Bank of England Act 1998.
(6)In this section “enactment” includes—
(a)an Act of the Scottish Parliament,
(b)Northern Ireland legislation, and
(c)a Measure or Act of the National Assembly for Wales.]
Textual Amendments
F1Ss. 354A-354C substituted for s. 354 (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 12 para. 25 (with Sch. 20); S.I. 2013/423, art. 3, Sch.
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