Part 7Miscellaneous

Bank of England

I1246Information

1

The Bank of England may disclose information that it thinks relevant to the financial stability of—

a

individual financial institutions, or

b

one or more aspects of the financial systems of the United Kingdom.

2

Information about the business or other affairs of a specified or identifiable person may be disclosed under subsection (1) only to—

a

the Treasury;

b

the Financial Services Authority;

c

the scheme manager of the Financial Services Compensation Scheme (established under Part 15 of the Financial Services and Markets Act 2000);

d

an authority in a country or territory outside the United Kingdom which exercises functions similar to those of the Treasury, the Bank of England or the Financial Services Authority in relation to financial stability;

e

the European Central Bank.

3

This section—

a

overrides a contractual or other requirement to keep information in confidence, and

b

is without prejudice to any other power to disclose information.