Financial Services and Markets Act 2000

Financial Services and Markets Act 2000

2000 CHAPTER 8

Commentary on Sections

Part I: the Regulator

Section 17: Conclusion of inquiry

52. This section requires a written report setting out the results of the inquiry and, where appropriate, making recommendations.  The Treasury then have discretion whether to publish all or part of the report.  However, the Treasury must make sure that they do not publish any material contained in the report which, if published, they consider would seriously prejudice the interests of a particular person, for example because there was a likelihood of subsequent court action in relation to the events covered, or publication  would be incompatible with the UK’s international obligations, such as those under the confidentiality provisions of one of the single market directives.  A copy of any part of the report which is published must be laid before Parliament by the Treasury.