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Statutory Instruments
Competition
Consumer Protection
Disclosure Of Information
Made
16th October 2014
Laid before Parliament
21st October 2014
Coming into force
17th November 2014
The Secretary of State makes the following Order in exercise of the power conferred on him by section 241(6) of the Enterprise Act 2002(1).
1. This Order may be cited as the Enterprise Act 2002 (Part 9 Restrictions on Disclosure of Information) (Amendment) Order 2014 and comes into force on 17th November 2014.
2. In Schedule 15(2) to the Enterprise Act 2002 at the end insert—
“Financial Services (Banking Reform) Act 2013”.
Jo Swinson
Parliamentary Under-Secretary of State for Employment Relations and Consumer Affairs
Department for Business, Innovation and Skills
16th October 2014
(This note is not part of the Order)
Part 9 of the Enterprise Act 2002 (“the Act”) restricts the disclosure of specified information which relates to the affairs of an individual or any business of an undertaking. Specified information is defined by section 238 of the Act. Section 241 of the Act provides that a public authority may disclose specified information which is restricted by Part 9 of the Act to another person, for the purposes of facilitating the exercise of functions the person has under an enactment specified in Schedule 15. This Order adds the Financial Services (Banking Reform) Act 2013 (c. 33) to Schedule 15.
An impact assessment has not been prepared for this Order as it has no impact on the costs of business, charities or voluntary bodies. The Explanatory Memorandum is published alongside the Order on www.legislation.gov.uk.
None of the previous amendments to Schedule 15 is relevant here.
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Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
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