SCHEDULE 7Restriction on disclosure of information

Disclosure for the purposes of the Bank’s functions

2(1)Paragraph 1 does not preclude the disclosure of information in any case in which disclosure is for the purpose of enabling or assisting the Bank to discharge—

(a)its functions as a monetary authority,

(b)its functions as a supervisor of systems for the transfer of funds between credit institutions and their customers, or

(c)its functions under Schedule 2.

(2)In sub-paragraph (1)(b), “credit institution” has the same meaning as in the [S.I. 1992/3218.] Banking Coordination (Second Council Directive) Regulations 1992.