The Electronic Money Regulations 2011 No. 99

SCHEDULE 3 Application and modification of legislation

PART 1 Application and modification of the 2000 Act

Restriction on disclosure of information

6.  Sections 348 (restrictions on disclosure of confidential information by Authority etc), 349 (exceptions from section 348), 351(1) (competition information) and 352(2) (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 Electronic Money Regulations 2011”;

(ii) in subsection (3)(a) for “this Act” substitute “the Electronic Money Regulations 2011”;

(iii) in subsection (5)—

(aa) for “this Part”, substitute “the Electronic Money Regulations 2011”;

(bb) omit paragraphs (b) and (c);

(cc) in paragraph (e) for “a person mentioned in paragraphs (a) to (c)” substitute “the Authority”;

(dd) in paragraph (f) for “a person mentioned in those paragraphs” substitute “the Authority”.

(iv) in subsection (6)—

(aa) omit paragraphs (a) and (b); and

(bb) in paragraph (c) for “paragraph 6 of Schedule 1” substitute “regulation 48 of the Electronic Money Regulations 2011”; and

(b) in section 349(3) omit subsections (3A) and (3B).

(1)

Section 351 was amended by sections 247 and 278 of, and Schedule 26 to, the Enterprise Act 2002 (c.40).

(2)

Section 352 was amended by section 208 of, and Schedule 26 to, the Criminal Justice Act 2003 (c.44).

(3)

Subsections (3A) and (3B) were inserted by section 964 of the Companies Act 2006 (c.46).