(1)Where any information subject to an obligation of secrecy under the [1970 c. 9.] Taxes Management Act 1970 has been disclosed by the Commissioners of Inland Revenue or an officer of those Commissioners for the purposes of any prosecution of an offence relating to inland revenue, that information may be disclosed by the Lord Advocate for the purposes of any prosecution of an offence—
(a)in respect of which a direction has been given under section 51(1)(a) of this Act; or
(b)relating to inland revenue,
but not otherwise.
(2)Where any information is subject to an obligation of secrecy imposed by or under any enactment other than an enactment contained in the Taxes Management Act 1970, the obligation shall not have effect to prohibit the disclosure of that information to a nominated officer but any information disclosed by virtue of this subsection may only be disclosed by the Lord Advocate for the purpose of a prosecution in Scotland or elsewhere.
(3)Without prejudice to his power to enter into an agreement apart from this subsection, the Lord Advocate may enter into an agreement for the supply of information to or by him subject, in either case, to an obligation not to disclose the information concerned otherwise than for a specified purpose.
(4)Subject to subsections (1) and (2) above and to any provision of an agreement for the supply of information which restricts the disclosure of the information supplied, information obtained by a nominated officer may be disclosed—
(a)to any government department, or any Northern Ireland Department, or other authority or body discharging its functions on behalf of the Crown (including the Crown in right of Her Majesty's Government in Northern Ireland);
(b)to any competent authority;
(c)for the purposes of any prosecution in Scotland or elsewhere; and
(d)for the purposes of assisting any public or other authority for the time being designated for the purposes of this paragraph by an order made by the Secretary of State to discharge any functions which are specified in the order.
(5)The following are competent authorities for the purposes of subsection (4) above—
(a)an inspector appointed under Part XIV of the [1985 c. 6.] Companies Act 1985 or Part XV of the Companies (Northern Ireland) Order 1986;
(b)the Accountant in Bankruptcy;
(c)an Official Receiver;
(d)an Official Assignee;
(e)a person appointed to carry out an investigation under section 55 of the [1986 c. 53.] Building Societies Act 1986;
(f)a body administering a compensation scheme under section 54 of the [1986 c. 60.] Financial Services Act 1986;
(g)an inspector appointed under section 94 of that Act;
(h)a person exercising powers by virtue of section 106 of that Act;
(j)an inspector appointed under section 177 of that Act or any corresponding enactment having effect in Northern Ireland;
(k)an inspector appointed under section 38 of the Banking Act 1987;
(l)a person exercising powers by virtue of section 44(2) of the [1982 c. 50.] Insurance Companies Act 1982;
(m)any body having supervisory, regulatory or disciplinary functions in relation to any profession or any area of commercial activity; and
(n)any person or body having, under the law of any country or territory outside the United Kingdom, functions corresponding to any of the functions of any person or body mentioned in any of the foregoing paragraphs.
(6)An order under subsection (4)(d) above may impose conditions subject to which, and otherwise restrict the circumstances in which, information may be disclosed under that paragraph.