PART 3Administration and enforcement

CHAPTER 2Application of FSMA 2000 for the purposes of the Regulations

Restrictions on disclosure of information21

Sections 348 (restrictions on disclosure of confidential information by FCA, PRA etc.), 349 (exceptions from section 348) and 352 (offences) of FSMA 200023 apply with respect to information received under these Regulations and under FSMA 2000 as applied by these Regulations as they apply with respect to information received under FSMA 2000 as if—

a

each reference to that Act included a reference to these Regulations;

b

each reference to a section or Part of that Act were a reference to that section or Part as applied by these Regulations;

c

each reference to the PRA were omitted;

d

in section 348, each reference to the Secretary of State were omitted;

e

in section 348, subsections (2A), (5)(aa), (da), (6)(a) and (8) were omitted;

f

in section 352—

i

in subsection (1) “or 350(5)” were omitted;

ii

subsection (4) were omitted;

iii

in subsection (5) “or (4)” were omitted;

iv

in subsection (6)(a) “or that it had been disclosed in accordance with section 350” were omitted.