SCHEDULES
SCHEDULE 2Exemptions etc from the F1UK GDPR
PART 2Restrictions F2as described in Article 23(1): restrictions of rules in Articles 13 to 21 and 34
Words in Sch. 2 Pt. 2 heading substituted (31.12.2020) by The Data Protection, Privacy and Electronic Communications (Amendments etc) (EU Exit) Regulations 2019 (S.I. 2019/419), reg. 1(2), Sch. 2 para. 92(9) (with reg. 5); 2020 c. 1, Sch. 5 para. 1(1)
Functions of the Bank of England
9
1
The listed GDPR provisions do not apply to personal data processed for the purposes of discharging a relevant function of the Bank of England to the extent that the application of those provisions would be likely to prejudice the proper discharge of the function.
2
“Relevant function of the Bank of England” means—
a
a function discharged by the Bank acting in its capacity as a monetary authority (as defined in section 244(2)(c) and (2A) of the Banking Act 2009);
b
a public function of the Bank within the meaning of section 349 of the Financial Services and Markets Act 2000;
c
a function conferred on the Prudential Regulation Authority by or under the Financial Services and Markets Act 2000 or by another enactment.
Words in Sch. 2 heading substituted (31.12.2020) by The Data Protection, Privacy and Electronic Communications (Amendments etc) (EU Exit) Regulations 2019 (S.I. 2019/419), reg. 1(2), Sch. 2 para. 92(2) (with reg. 5); 2020 c. 1, Sch. 5 para. 1(1)