11.—(1) Subject to paragraph (2), confidential information must not be disclosed by any of the following (each a “primary recipient”)—
(a)the FCA;
(b)any person who is or has been an officer of the FCA;
(c)a skilled person;
(d)any person who is or has been employed by a skilled person,
or by any person obtaining the information directly or indirectly from a primary recipient.
(2) This regulation does not prevent disclosure where the disclosure—
(a)has the consent of—
(i)the person from whom the primary recipient obtained the information; and
(ii)if different, the person to whom it relates;
(b)is made in accordance with regulation 12;
(c)is made by a skilled person to the FCA (and the FCA is then treated for the purposes of paragraph (1) as a person obtaining the information from a primary recipient); or
(d)is required by law.
(3) In this regulation, “confidential information” means information which—
(a)relates to the business or other affairs of any person;
(b)was received by the primary recipient for the purposes of, or in the discharge of, any functions of the primary recipient under these Regulations; and
(c)is not prevented from being confidential information by paragraph (4).
(4) Information is not confidential information if—
(a)it has been made available to the public by virtue of being disclosed in any circumstances in which, or for any purposes for which, disclosure is not precluded by this regulation; or
(b)it is in the form of a summary or collection of information so framed that it is not possible to ascertain from it information relating to any particular person.