The FCA must not disclose to any person specially protected information.
"Specially protected information" is information in relation to which the first and second conditions are met.
The first condition is that the FCA received the information from the Bank of England.
The second condition is that the Bank notified the FCA that the Bank held the information for the purpose of its functions with respect to any of the following—
The notification referred to in subsection (4) must be—
The prohibition in subsection (1) does not apply—
In this section references to disclosure by or to the FCA or by the Bank include references to disclosure by or to—
References to disclosure by the FCA do not include references to disclosure between persons who fall within any paragraph of subsection (7)(a) or (b) in relation to the FCA.
The FCA must take such steps as are reasonable in the circumstances to prevent the disclosure of specially protected information, in cases not excluded by subsection (6), by those who are or have been—
In this section references to the Bank of England include the Bank acting in its capacity as the PRA.