SCHEDULE 6Application and modification of legislation

PART 1Application and modification of the 2000 Act

Restriction on disclosure of information8

1

Sections 348 (restrictions on disclosure of confidential information by FCA, PRA etc) M1, 349 (exceptions from section 348) M2 and 352 (offences) M3 of the 2000 Act apply with the following modifications—

a

section 348 is to be read as if—

i

in subsection (2)(b) for the words from “, the PRA” to the end there were substituted “ under the Payment Services Regulations 2017 ”;

ii

in subsection (3)(a) for “this Act” there were substituted “ the Payments Services Regulations 2017 ”;

iii

in subsection (5)—

aa

for “this Part”, there were substituted “ the Payment Services Regulations 2017 ”;

bb

paragraphs (aa), (c) and (zd) were omitted;

cc

in paragraph (e) for “paragraphs (a) to (c)” there were substituted “ paragraph (a) ”;

iv

for subsection (6) there were substituted—

6

In subsection (5)(f), “expert” includes any body or person appointed under regulation 108 of the Payment Services Regulations 2017 to perform a function on behalf of the FCA.

v

subsection (8) were omitted.

b

section 349 is to be read as if F1subsection (3A) was omitted.