7.—(1) If a person discloses to another any information obtained by him by virtue of this Schedule he shall be guilty of an offence unless the disclosure was made—
(a)in or for the purpose of the performance by him or any other person of any function under the relevant regulations; or
(b)for a purpose specified in section 38(2)(a), (b) or (c) of the Consumer Protection Act 1987(1).
(2) A person guilty of an offence under sub-paragraph (1) above shall be liable—
(a)on summary conviction, to a fine not exceeding level 5 on the standard scale; and
(b)on conviction on indictment, to a fine.