(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.
Commencement Information
I1S. 246 in force at 21.2.2009 by S.I. 2009/296, art. 3, Sch. para. 8