SCHEDULE 1Application and modification of the Act and secondary legislation

Restrictions on disclosure of information5

Sections 34830 (restrictions on disclosure of confidential information by FCA, PRA etc.), 34931 (exceptions from section 348) and 352 (offences) of the Act32 apply in respect of information received in connection with the FCA’s and the PRA’s functions under these Regulations and under the Act as applied by these Regulations as they apply in respect of information received in connection with the FCA’s and the PRA’s functions under the Act, as if—

a

each reference to the Act included a reference to these Regulations;

b

each reference to a section or Part of the Act were a reference to that section or Part as applied by these Regulations;

c

in section 348(2), for “In this Part” there were substituted “In sections 348, 349 and 352 as applied by the Securitisation Regulations 2018”;

d

in section 352—

i

in subsection (1) “or 350(5)” were omitted;

ii

subsection (4) were omitted;

iii

in subsection (5) “or (4)” were omitted;

iv

in subsection (6)(a) “or that it had been disclosed in accordance with section 350” were omitted.