The Gambling Commission may disclose information to which this Part applies to the Comptroller and Auditor General for the purpose of enabling or assisting the Comptroller and Auditor General to carry out an examination under Part II of the National Audit Act 1983 in relation to the Commission.

Electronic commerce

12B

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12C

A primary recipient of information to which this Part applies, or a person obtaining such information directly or indirectly from a primary recipient is permitted to disclose such information to any person for the purposes of any proceedings under the Proceeds of Crime Act 2002 which have been or may be initiated.

Investment services directive information: transitional provision

17

In these Regulations confidential information received by the Authority in the course of discharging its functions as an EEA competent authority under Council Directive 93/22/EEC of 10th May 1993 on investment services in the securities field shall be deemed to have been received by the Authority in the course of discharging its functions as an EEA competent authority under Directive 2004/39/EC of the European Parliament and of the Council of 21st April 2004 on markets in financial instruments.

PART 5


. . .	. . .

Disclosure in pursuance of an EU obligation

Disclosure by and to the regulators, the Secretary of State and the Treasury etc.

Disclosure by regulators or regulator workers to certain other persons

Disclosure of recovery and resolution directive information

10A

(1) The Bank of England may disclose recovery and resolution ... information to any person for the purpose of enabling the Bank to prepare for and carry out the functions given to it under—

(a) Parts 1, 2 and 3 of the Banking Act 2009, ...

(b) the Investment Bank Special Administration Regulations 2011, or

provided that any such disclosure is made subject to the conditions in paragraph (2), and following the assessment required in regulation 10B.

(2) A disclosure made by the Bank of England under paragraph (1) must be made subject to—

(a) a requirement that the information disclosed is kept confidential and not disclosed to any other person without the consent of the Bank; and

(b) restrictions imposed by the Bank as to the way in which the information may be used.

(3) A resolution administrator appointed under section 62B of the Banking Act 2009 may disclose recovery and resolution ... information to a regulator.

Assessment of effects of disclosure

10B

(1) Before any disclosure is made of recovery and resolution ... information the person disclosing that information must—

(a) assess the possible effects of disclosing the information in question on—

(i) the public interest in relation to financial, monetary or economic policy;

(ii) the commercial interests of natural and legal persons;

(iii) the purpose of any investigation, inspection or audit to which the information is relevant; and

(b) where the information in question relates to the recovery plan or resolution plan of any undertaking, assess the effects of the disclosure of any part of that recovery plan or resolution plan.

(2) In this regulation—

“recovery plan” means a recovery plan or a group recovery plan as those terms are defined in the Bank Recovery and Resolution (No.2) Order 2014 (“the 2014 Order”) or in paragraph 2 of Schedule 11 to the Financial Services and Markets Act 2023; and

“resolution plan” means a resolution plan or a group resolution plan as those terms are defined in the 2014 Order, or as defined in paragraph 4 of Schedule 11 to the Financial Services and Markets Act 2023.

The Gambling Commission

Proceedings under the Proceeds of Crime Act 2002

Disclosure of capital requirements directive information to International Financial Institutions

10C

(1) Subject to the conditions in paragraph (2), the PRA or a PRA worker is permitted to disclose capital requirements directive information to an organisation specified in the first column of Part 6 of Schedule 1 for the purpose of enabling or assisting that organisation to discharge any of the functions listed beside it in the second column of Part 6 of Schedule 1.

(2) The conditions are as follows—

(a) the organisation must make an explicit request for the confidential information;

(b) the request is precise as to the nature, scope and format of the confidential information and the means of its disclosure or transmission;

(c) the confidential information requested is necessary for the performance of the specific tasks of the organisation making the request and does not go beyond the functions conferred on that organisation;

(d) the organisation making the request justifies it by reference to its tasks; and

(e) to the extent that the disclosure of confidential information involves processing of personal data, any processing of personal data by the organisation making the request complies with the UK GDPR.

(3) In this regulation, “the UK GDPR” has the same meaning as in Parts 5 to 7 of the Data Protection Act 2018 (see section 3(10) and (14) of that Act).

PART6

Organisation	Functions
International Monetary Fund	Its functions in relation to assessments for the Financial Sector Assessment Program
World Bank	Its functions in relation to assessments for the Financial Sector Assessment Program
Bank for International Settlements	Its functions in relation to quantitative impact studies
Financial Stability Board	Its surveillance functions

Disclosure of recovery and resolution ... information

CHAPTER 1 — Transitional Provisions Applicable Before IP completion day

Interpretation

Disclosure of pre-commencement information

Disclosure of transitional information

Disclosure by recognised self-regulating organisations

Investment services directive information: transitional provision

CHAPTER 2 — Transitional Provision Applicable on or after IP completion day

Transitional provision applicable on or after IP completion day

18

Confidential information received before IP completion day by a primary recipient or any person obtaining the information directly or indirectly from a primary recipient shall continue to be treated, on or after IP completion day, as if that information had been received by that person in accordance with the relevant EU Regulations, directives or these Regulations as they had effect immediately before IP completion day.

Disclosure of information in order to publish a stress test in relation to insurance undertakings and reinsurance undertakings

10D

The PRA or a person who is employed by the PRA may disclose confidential information if it is necessary to do so in order to publish the outcome of a stress test conducted in respect of an insurance undertaking, which is also a UK Solvency II Firm as defined by the PRA rules, or a reinsurance undertaking, which is also a UK Solvency II firm as defined by the PRA rules.

Disclosure of information in order to publish a stress test in relation to insurance undertakings and reinsurance undertakings

12D

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