The Financial Services (Overseas Recognition Regime Designations) Regulations 2025
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Change 1
6 Disclosure of information
Sections 348 to 350 and 352 of FSMA 2000 (disclosure of information) apply in relation to information received by the Bank of England for the purposes of, or in discharge of, any of its functions under regulation 4 as if— (a) in section 348(2), for paragraph (b), there were substituted— (b) was received by the primary recipient for the purposes of, or in the discharge of, any of the functions of the Bank of England under regulation 4 of the Financial Services (Overseas Recognition Regime Designations) Regulations 2025; ; (b) in section 349, after subsection (1), there were inserted— (1A) Section 348 does not prevent a disclosure of confidential information which is made by the Bank of England to the Treasury for the purposes of, or in discharge of, any of its functions under regulation 4 of the Financial Services (Overseas Recognition Regime Designations) Regulations 2025. ; (c) in section 350— (i) in subsection (1), after paragraph (a), there were inserted— (aa) the Bank of England, if the disclosure is made for the purpose of assisting or enabling the Bank of England to discharge its functions under regulation 4 of the Financial Services (Overseas Recognition Regime Designations) Regulations 2025, or ; (ii) in subsection (5), after paragraph (a), there were inserted— (aa) by the Bank of England to the Treasury; .
6 Disclosure of information
Sections 348 to 350 and 352 of FSMA 2000 (disclosure of information) apply in relation to information received by the Bank of England for the purposes of, or in discharge of, any of its functions under regulation 4 as if— (a) in section 348(2), for paragraph (b), there were substituted— (b) was received by the primary recipient for the purposes of, or in the discharge of, any of the functions of the Bank of England under regulation 4 of the Financial Services (Overseas Recognition Regime Designations) Regulations 2025; ; (b) in section 349, after subsection (1), there were inserted— (1A) Section 348 does not prevent a disclosure of confidential information which is made by the Bank of England to the Treasury for the purposes of, or in discharge of, any of its functions under regulation 4 of the Financial Services (Overseas Recognition Regime Designations) Regulations 2025. ; (c) in section 350— (i) in subsection (1), after paragraph (a), there were inserted— (aa) the Bank of England, if the disclosure is made for the purpose of assisting or enabling the Bank of England to discharge its functions under regulation 4 of the Financial Services (Overseas Recognition Regime Designations) Regulations 2025, or ; (ii) in subsection (5), after paragraph (a), there were inserted— (aa) by the Bank of England to the Treasury; .
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