4(1)Paragraph 1 does not preclude the disclosure by any authority specified in the first column of the Table in paragraph 3(1) of information obtained by it by virtue of that provision if it makes the disclosure—U.K.
(a)with the consent of the Bank, and
(b)for the purpose of enabling or assisting it to discharge any functions specified in relation to it in the second column of that Table.
(2)Before deciding whether to give its consent to disclosure under this paragraph, the Bank shall take account of such representations as the authority proposing to make the disclosure may make about the desirability of or necessity for the disclosure.