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The registrar may disclose protected information to a credit reference agency.
The Secretary of State may make provision by regulations—
The Secretary of State may make provision by regulations requiring the registrar, on application, to refrain from disclosing protected information relating to a director to a credit reference agency.
Regulations under subsection (4) may make provision as to—
Regulations under subsection (4) may in particular confer a discretion on the registrar.
Provision under subsection (5)(d) may in particular provide for a question to be referred to a person other than the registrar for the purposes of determining the application.
In this section—
"credit reference agency" means a person carrying on a business comprising the furnishing of information relevant to the financial standing of individuals, being information collected by the agency for that purpose; ...
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Regulations under this section are subject to negative resolution procedure.