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The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001

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Changes over time for: Section 10B

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Version Superseded: 31/12/2020

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Point in time view as at 10/01/2015. This version of this provision has been superseded. Help about Status

Changes to legislation:

There are currently no known outstanding effects for the The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001, Section 10B. Help about Changes to Legislation

[F1Assessment of effects of disclosureU.K.

10B.(1) Before any disclosure is made of recovery and resolution directive information the person disclosing that information must—

(a)assess the possible effects of disclosing the information in question on—

(i)the public interest in relation to financial, monetary or economic policy;

(ii)the commercial interests of natural and legal persons;

(iii)the purpose of any investigation, inspection or audit to which the information is relevant; and

(b)where the information in question relates to the recovery plan or resolution plan of any undertaking, assess the effects of the disclosure of any part of that recovery plan or resolution plan.

(2) In this regulation—

recovery plan” means a recovery plan drawn up and maintained in accordance with Article 5 of the recovery and resolution directive or a group recovery plan drawn up and maintained in accordance with Article 7 of that directive; and

resolution plan” means a resolution plan drawn up in accordance with Article 10 of the recovery and resolution directive or a group recovery plan drawn up in accordance with Articles 12 and 13 of that directive.]

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