SCHEDULES

SCHEDULE 6 Financial Information

Customer information

I17

1

In this Schedule “customer information” means (subject to sub-paragraph (3))—

a

information whether a business relationship exists or existed between a financial institution and a particular person (“a customer”),

b

a customer’s account number,

c

a customer’s full name,

d

a customer’s date of birth,

e

a customer’s address or former address,

f

the date on which a business relationship between a financial institution and a customer begins or ends,

g

any evidence of a customer’s identity obtained by a financial institution in pursuance of or for the purposes of any legislation relating to money laundering, and

h

the identity of a person sharing an account with a customer.

2

For the purposes of this Schedule there is a business relationship between a financial institution and a person if (and only if)—

a

there is an arrangement between them designed to facilitate the carrying out of frequent or regular transactions between them, and

b

the total amount of payments to be made in the course of the arrangement is neither known nor capable of being ascertained when the arrangement is made.

3

The Secretary of State may by order provide for a class of information—

a

to be customer information for the purposes of this Schedule, or

b

to cease to be customer information for the purposes of this Schedule.