The Financial Services (Disclosure of Information) (Designated Authorities) (No.5) Order 1989

Explanatory Note

(This note is not part of the Order)

This Order designates certain authorities as authorities for the purposes of section 449 of the Companies Act 1985 and section 180 of the Financial Services Act 1986 in relation to specified functions. The Charity Commissioners are designated in relation to their functions under the Charities Act 1960 and the Attorney-General is designated in relation to his functions in connection with charities. The effect of designation is to permit the disclosure of information which would otherwise be restricted if disclosure is for the purposes of enabling or assisting the designated authority to discharge the specified functions. There have been four previous orders designating public or other authorities for the purposes of the sections (S.I. 1986/2046, 1987/859, 1141 and 1988/1058) and one for the purposes of section 449 alone (S.I. 1988/1334).