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5. Sections 348 (restrictions on disclosure of confidential information by Authority etc), 349 (exceptions from section 348), 351 (competition information) and 352 (offences) of the 2000 Act apply with the following modifications—
(a)in section 348—
(i)in subsection (2)(b) for the words from “, the competent authority” to the end substitute “under the Payment Services Regulations 2009”;
(ii)in subsection (3)(a) for “this Act” substitute “the Payments Services Regulations 2009”;
(iii)in subsection (5)—
(aa)for “this Part”, substitute “the Payment Services Regulations 2009”;
(bb)omit paragraphs (b) and (c);
(cc)in paragraph (e) for “paragraphs (a) to (c)” substitute “paragraph (a)”;
(iv)in subsection (6)—
(aa)omit paragraphs (a) and (b); and
(bb)in paragraph (c) for “paragraph 6 of Schedule 1” substitute “regulation 81 of the Payment Services Regulations 2009”; and
(b)in section 349(1) omit subsections (3A) and (3B).
Subsections (3A) and (3B) were inserted by the Companies Act 2006, section 964(1),(4).
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