C1C2Part 1Special Resolution Regime

Annotations:
Modifications etc. (not altering text)

F4Chapter 7General provisions

Annotations:
Amendments (Textual)

89LRestrictions on disclosure of confidential information

1

Sections 348, 349, 352 and 353 of the Financial Services and Markets Act 2000 (disclosure of information) apply for the purposes of this Part with the following modifications.

2

Section 348 of that Act has effect as if—

a

in subsection (2)(b), after “Act” there were inserted “or of the Bank of England under Part 1 of the Banking Act 2009 or the Bank Recovery and Resolution (No 2) Order 2014”,

b

in subsection (3)(a), at the end there were inserted “or the Banking Act 2009”, and

c

in subsection (5)—

i

after paragraph (c) there were inserted—

F5ca

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

cb

a resolution administrator appointed under Part 1 of the Banking Act 2009;

F2cc

a person appointed to make a report under section 83ZB of that Act (reports by skilled persons);

ii

in paragraph (e) for “to (c)” there were substituted “ F3to (cc) ”, and

F1d

after subsection (6)(b) there were inserted—

c

a competent person appointed by the Bank of England under Chapter 4 of Part 1 of the Banking Act 2009.

3

Section 349 of that Act has effect as if, in subsection (2)(c), for “or the PRA” substitute “the PRA, the Bank of England or a resolution administrator appointed by virtue of section 62B of the Banking Act 2009”.

4

Section 353 of that Act has effect as if in subsection (1)—

a

in paragraph (a), after “under this Act” there were inserted “or the Banking Act 2009”, and

b

in paragraph (b) after “to the” there were inserted “Bank of England, the”.