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Part XU.K. Rules and Guidance

Chapter IU.K. Rule-making Powers

Specific rulesU.K.

147 Control of information rules.U.K.

(1)The Authority may make rules (“control of information rules”) about the disclosure and use of information held by an authorised person (“A”).

(2)Control of information rules may—

(a)require the withholding of information which A would otherwise have to disclose to a person (“B”) for or with whom A does business in the course of carrying on any regulated or other activity;

(b)specify circumstances in which A may withhold information which he would otherwise have to disclose to B;

(c)require A not to use for the benefit of B information A holds which A would otherwise have to use in that way;

(d)specify circumstances in which A may decide not to use for the benefit of B information A holds which A would otherwise have to use in that way.