SCHEDULES
SCHEDULE 12Amendments of Parts 11 and 23 of FSMA 2000
PART 2Part 23 of FSMA 2000: public record, disclosure of information and co-operation
I120
1
Section 350 (disclosure of information by HMRC) is amended as follows.
2
For subsection (1) substitute—
1
No obligation as to secrecy imposed by statute or otherwise prevents the disclosure of Revenue information to—
a
the FCA or the PRA, if the disclosure is made for the purpose of assisting or enabling that regulator to discharge its functions under this or any other Act, or
b
the Secretary of State, if the disclosure is made for the purpose of assisting in the investigation of a matter under section 168 or with a view to the appointment of an investigator under that section.
3
In subsection (4), for “subsection (1)” substitute “
subsection (1)(b)
”
.