Part 5F11... Payment Systems
Miscellaneous
204Information
1
The Bank of England may by notice in writing require a person to provide information—
I1a
which the Bank thinks will help the Treasury in determining whether to make a recognition order F1or an order under section 206A, or
I2b
which the Bank otherwise requires in connection with its functions under this Part.
F21A
The Bank of England may by notice in writing require the operator of a recognised F8... payment system to provide information which the Bank requires in connection with the exercise of its functions (whether under this Part or otherwise) in pursuance of its financial stability objective.
I12
I13
A notice F4under subsection (1) or (1A) may require information to be provided—
a
in a specified form or manner;
b
at a specified time;
c
in respect of a specified period.
4
The Bank may disclose information obtained by virtue of this section to—
I1a
the Treasury;
F7ba
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
I2c
I2d
the European Central Bank;
I2e
the Bank for International Settlements.
I15
Subsection (4)—
a
overrides a contractual or other requirement to keep information in confidence, and
b
is without prejudice to any other power to disclose information.
I16
The Treasury may by regulations permit the disclosure of information obtained by virtue of this section to a specified person.
I27
The Bank may publish information obtained by virtue of this section.
I18
The Treasury may make regulations about the manner and extent of publication under subsection (7).
I19
Regulations under this section—
a
shall be made by statutory instrument, and
b
shall be subject to annulment in pursuance of a resolution of either House of Parliament.
I110
It is an offence—
a
to fail without reasonable excuse to comply with a requirement under this section;
b
knowingly or recklessly to give false information in pursuance of this section.
I111
A person guilty of an offence is liable—
a
on summary conviction, to a fine not exceeding the statutory maximum, or
b
on conviction on indictment, to a fine.
Word in Pt. 5 heading omitted (27.6.2017) by virtue of Digital Economy Act 2017 (c. 30), s. 118(2), Sch. 9 para. 2