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Bank of England Act 1998

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Bank of England Act 1998, Paragraph 3 is up to date with all changes known to be in force on or before 05 December 2020. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations. Help about Changes to Legislation

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3(1)Paragraph 1 does not preclude the disclosure by the Bank of information to any authority specified in the first column of the following Table if the Bank considers that the disclosure would enable or assist that authority to discharge any of the functions specified in relation to it in the second column of that Table.U.K.

[F1 Table

AuthorityFunctions
The Treasury.Functions under the Financial Services and Markets Act 2000.
The Secretary of State.Functions under the Financial Services and Markets Act 2000.
An inspector appointed under Part 14 of the Companies Act 1985 F2....Functions under that Part.
A person authorised to exercise powers under section 447 of the Companies Act 1985 F3... or section 84 of the Companies Act 1989.Functions under that section F4....

A person appointed under—

(a)section 167 of the Financial Services and Markets Act 2000,

(b)subsection (3) or (5) of section 168 of that Act, or

(c)section 284 of that Act,

to conduct an investigation.

Functions in relation to that investigation.

The [F5Financial Conduct Authority F6...].Functions under the legislation relating to friendly societies, the Building Societies Act 1986, Part 7 of the Companies Act 1989 or the Financial Services and Markets Act 2000.
F7. . .F7. . .
[F8The Chancellor of the Exchequer (or any person to whom any functions of the Chancellor of the Exchequer under the Statistics of Trade Act 1947 are delegated)]Functions under the Statistics of Trade Act 1947.
[F9The Pensions Regulator]

[F9Functions conferred by or by virtue of—

(a)

the Pension Schemes Act 1993,

(b)

the Pensions Act 1995,

(c)

the Welfare Reform and Pensions Act 1999,

(d)

the Pensions Act 2004, or

(e)

any enactment in force in Northern Ireland corresponding to an enactment mentioned in paragraphs (a) to (d) above.]]

[F10The Payment Systems Regulator established under section 40 of the Financial Services (Banking Reform) Act 2013] [F10Functions conferred by, or by virtue of, that Act, the Payment Card Interchange Fee Regulations 2015 and the Payment Services Regulations 2017.]

(2)The Treasury may by order amend the Table in sub-paragraph (1) by—

(a)adding any public or other authority and specifying functions in relation to it,

(b)removing any authority for the time being specified in the Table, or

(c)altering the functions for the time being specified in the Table in relation to any authority.

(3)The Treasury may by order restrict the circumstances in which, or impose conditions subject to which, disclosure is permitted in the case of any authority for the time being specified in the Table.

(4)Before making an order under this paragraph, the Treasury shall consult the Bank.

Textual Amendments

F1Table in Sch. 7 para. 3 substituted (1.12.2001) by S.I. 2001/3649, arts. 1, 164(3)

F5Words in Sch. 7 para. 3 substituted (1.4.2013) by Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 85(5)(a) (with Sch. 20); S.I. 2013/423, art. 3, Sch.

F6Words in Sch. 7 para. 3(1) omitted (1.3.2017) by virtue of Bank of England and Financial Services Act 2016 (c. 14), s. 41(3), Sch. 2 para. 22(3) (with Sch. 3); S.I. 2017/43, reg. 2(g)

F7Sch. 7 para. 3 entry omitted (1.4.2013) by virtue of Financial Services Act 2012 (c. 21), s. 122(3), Sch. 18 para. 85(5)(b) (with Sch. 20); S.I. 2013/423, art. 3, Sch.

F9Entry in Sch. 7 para. 3(1) substituted (6.4.2005) by Pensions Act 2004 (c. 35), s. 322(1), Sch. 12 para. 70; S.I. 2005/695, art. 2(7), Sch. 1

Modifications etc. (not altering text)

C1Sch. 7 para. 3 amended (temp. from 3.9.2001 until 1.12.2001) by S.I. 2001/2966, arts. 3, 12; S.I. 2001/3538, art. 2(1)

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