SCHEDULES
SCHEDULE 12Amendments of Parts 11 and 23 of FSMA 2000
PART 2Part 23 of FSMA 2000: public record, disclosure of information and co-operation
I117
After section 347 insert—
347ADuty of PRA to disclose information relevant to the record
1
The PRA must, for the purpose of assisting the FCA to comply with its duty under section 347—
a
notify the FCA if the information included in the record as required under section 347(2)(a) appears to the PRA to be incomplete or inaccurate,
b
if it makes a prohibition order relating to an individual, provide the FCA with information falling within section 347(2)(f) in relation to that order,
c
where it is the appropriate regulator in relation to an approved person, provide the FCA with information falling within section 347(2)(g) in relation to that approved person, and
d
where the FCA has notified the PRA that it considers it appropriate to include in the record information of a certain description, disclose to the FCA such information of that description as the PRA has in its possession.
2
The duty to provide information under this section does not apply to information which the PRA reasonably believes is in the possession of the FCA.
3
Subsection (1) does not require or authorise the disclosure of information whose disclosure is prohibited by or under section 348.
4
This section is without prejudice to any other power to disclose information.
5
In this section references to the “record” are to the record maintained under section 347.