Part 1Special Resolution Regime

F1Chapter 7General provisions

89L.Restrictions on disclosure of confidential information

(1)

Sections 348, 349, 352 and 353 of the Financial Services and Markets Act 2000 (disclosure of information) apply for the purposes of this Part with the following modifications.

(2)

Section 348 of that Act has effect as if—

(a)

in subsection (2)(b), after “Act” there were inserted “or of the Bank of England under Part 1 of the Banking Act 2009 or the Bank Recovery and Resolution (No 2) Order 2014”,

(b)

in subsection (3)(a), at the end there were inserted “or the Banking Act 2009”, and

(c)

in subsection (5)—

(i)

after paragraph (c) there were inserted—

F2“(ca)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(cb)

a resolution administrator appointed under Part 1 of the Banking Act 2009;

F3(cc)

a person appointed to make a report under section 83ZB of that Act (reports by skilled persons);”,

(ii)

in paragraph (e) for “to (c)” there were substituted “ F4to (cc) ”, and

F5(d)

after subsection (6)(b) there were inserted—

“(c)

a competent person appointed by the Bank of England under Chapter 4 of Part 1 of the Banking Act 2009.”

(3)

Section 349 of that Act has effect as if, in subsection (2)(c), for “or the PRA” substitute “the PRA, the Bank of England or a resolution administrator appointed by virtue of section 62B of the Banking Act 2009”.

(4)

Section 353 of that Act has effect as if in subsection (1)—

(a)

in paragraph (a), after “under this Act” there were inserted “or the Banking Act 2009”, and

(b)

in paragraph (b) after “to the” there were inserted “Bank of England, the”.