Explanatory Note
(This note is not part of the Order)
This Order designates The Securities and Investments Board (formerly The Securities and Investments Board Limited) and recognised self-regulating organisations (and recognised self-regulating organisations for friendly societies) regulating investment business under the Financial Services Act 1986 as prescribed regulatory authorities to which confidential information may be disclosed under section 53(8) of the Building Societies Act 1986. It also sets out the functions for which such information may be disclosed and the circumstances in which it may be disclosed and, subject to the consent of the Commission which is required by section 53(8), further disclosed.
The change of name of The Securities and Investments Board took effect on 20th August 1987.