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SCHEDULES

SCHEDULE 7E+W+S+N.I. Miscellaneous exemptions

Corporate financeE+W+S+N.I.

6(1)Where personal data are processed for the purposes of, or in connection with, a corporate finance service provided by a relevant person—E+W+S+N.I.

(a)the data are exempt from the subject information provisions in any case to the extent to which either—

(i)the application of those provisions to the data could affect the price of any instrument which is already in existence or is to be or may be created, or

(ii)the data controller reasonably believes that the application of those provisions to the data could affect the price of any such instrument, and

(b)to the extent that the data are not exempt from the subject information provisions by virtue of paragraph (a), they are exempt from those provisions if the exemption is required for the purpose of safeguarding an important economic or financial interest of the United Kingdom.

(2)For the purposes of sub-paragraph (1)(b) the [F1Secretary of State] may by order specify—

(a)matters to be taken into account in determining whether exemption from the subject information provisions is required for the purpose of safeguarding an important economic or financial interest of the United Kingdom, or

(b)circumstances in which exemption from those provisions is, or is not, to be taken to be required for that purpose.

F2(3)In this paragraph—

Annotations:

Amendments (Textual)

F1Words in Sch. 7 para. 6 substituted (19.8.2003) by The Secretary of State for Constitutional Affairs Order 2003 S.I. 2003/1887), art. 9, {Sch. 2 para. 9(1)(e)}

F2Words in Sch. 7 para. 6(3) substituted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701), reg. 1(2)(3)(4), Sch. 4 para. 4 (with reg. 7)

F3Words in Sch. 7 para. 6(3) substituted (1.4.2007 for certain purposes, 1.11.2007 in so far as not already in force) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2007 (S.I. 2007/126), art. 3(6), Sch. 6 para. 12

F4Words in Sch. 7 para. 6(3) substituted (29.6.2017 for specified purposes, 3.7.2017 for specified purposes, 31.7.2017 for specified purposes, 3.1.2018 in so far as not already in force) by The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (S.I. 2017/701), reg. 1(2)(3)(4), Sch. 4 para. 4 (with reg. 7)

F5Sch. 7 para. 6(3): words in definition of "instrument" omitted (3.7.2002) by virtue of The Financial Services and Markets Act 2000 (Consequential Amendments) Order 2002 (S.I. 2002/1555), art. 25(2)

F6Sch. 7 para. 6(3): in definition of "relevant person" paragraphs (a)-(cc) substituted (3.7.2002) for (a)-(c) by The Financial Services and Markets Act 2000 (Consequential Amendments) Order 2002 (S.I. 2002/1555), art. 25(3)

F7Words in Sch. 7 para. 6(3) substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 86 (with Sch. 20); S.I. 2013/423, art. 3, Sch.

Commencement Information

I1Sch. 7 para. 6 wholly in force at 1.3.2000; Sch. 7 para. 6 in force for certain purposes at Royal Assent see s. 75(2)(i); Sch. 7 para. 6 in force at 1.3.2000 insofar as not already in force by S.I. 2000/183, art. 2(1)