Modifications etc. (not altering text)
C1Pt. 42 applied (with modifications) (4.4.2014 for specified purposes, 16.12.2014 in so far as not already in force) by Local Audit and Accountability Act 2014 (c. 2), s. 49(1), Sch. 5 paras. 1-27 (with Sch. 13 para. 11); S.I. 2014/900, art. 2(j); S.I. 2014/3319, art. 2(e) (as amended: (31.12.2020) by S.I. 2019/177, regs. 2, 57; 2020 c. 1, Sch. 5 para. 1(1) and S.I. 2019/504, regs. 1(2), 3-6; 2020 c. 1, Sch. 5 para. 1(1); and (1.7.2022) by 2022 c. 31, s. 186(6), Sch. 4 para. 216, Sch. 7 para. 28; S.I. 2022/734, reg. 2(a), Sch. (with regs. 13, 29, 30); and (1.1.2024) by The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendment) Regulations 2023 (S.I. 2023/1424), reg. 1(2), Sch. para. 82)
C2Pt. 42 modified (6.4.2008) by The Statutory Auditors and Third Country Auditors Regulations 2007 (S.I. 2007/3494), reg. 43
C3Pt. 42: functions transferred in part (6.4.2008 in accordance with art. 1 of the amending S.I.) by The Statutory Auditors (Delegation of Functions etc) Order 2008 (S.I. 2008/496), art. 4 (which amending S.I. was revoked (2.7.2012) by S.I. 2012/1741, art. 6)
C4Pt. 42 applied (with modifications) (15.8.2008) by The Insurance Accounts Directive (Lloyd's Syndicate and Aggregate Accounts) Regulations 2008 (S.I. 2008/1950), reg. 6(5)
C5Pt. 42: functions transferred in part (2.7.2012) by The Statutory Auditors (Amendment of Companies Act 2006 and Delegation of Functions etc) Order 2012 (S.I. 2012/1741), arts. 1(2), 7, 8, 9 (with art. 16)
(1)This section applies to information (in whatever form)—
(a)relating to the private affairs of an individual, or
(b)relating to any particular business,
that is provided to a body to which this section applies in connection with the exercise of its functions under this Part [F2sections 522 to 524 (notification to appropriate audit authority of resignation or removal of auditor), the Statutory Auditors and Third Country Auditors Regulations 2016 or the Audit Regulation]
(2)This section applies to—
(a)a recognised supervisory body,
(b)a recognised qualifying body,
[F3(c)the competent authority,]
(d)the Independent Supervisor,
(e)the Secretary of State, and
(f)a body designated by the Secretary of State under section 1252 (delegation of the Secretary of State's functions).
(3)No such information may, during the lifetime of the individual or so long as the business continues to be carried on, be disclosed without the consent of that individual or (as the case may be) the person for the time being carrying on that business.
(4)Subsection (3) does not apply to any disclosure of information that—
(a)is made for the purpose of facilitating the carrying out by the body of any of its functions,
(b)is made to a person specified in Part 1 of Schedule 11A,
(c)is of a description specified in Part 2 of that Schedule, or
(d)is made in accordance with Part 3 of that Schedule.
F4(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(6)This section does not prohibit the disclosure of information if the information is or has been available to the public from any other source.
(7)Nothing in this section authorises the making of a disclosure in contravention of [F5the data protection legislation].]
Textual Amendments
F1Ss. 1224A, 1224B inserted (6.4.2008) by The Statutory Auditors and Third Country Auditors Regulations 2007 (S.I. 2007/3494), reg. 8(1) (with reg. 8(3))
F2Words in s. 1224A(1) substituted (17.6.2016) by The Statutory Auditors and Third Country Auditors Regulations 2016 (S.I. 2016/649), reg. 1(1)(a), Sch. 3 para. 34(2)
F3S. 1224A(2)(c) substituted (17.6.2016) by The Statutory Auditors and Third Country Auditors Regulations 2016 (S.I. 2016/649), reg. 1(1)(a), Sch. 3 para. 34(3)
F4S. 1224A(5) omitted (31.12.2020) by virtue of The Statutory Auditors and Third Country Auditors (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/177), regs. 2, 13; 2020 c. 1, Sch. 5 para. 1(1)
F5Words in s. 1224A(7) substituted (25.5.2018) by Data Protection Act 2018 (c. 12), s. 212(1), Sch. 19 para. 125 (with ss. 117, 209, 210); S.I. 2018/625, reg. 2(1)(g)