The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001

Type Statutory-Instrument
Publication 2001-06-15
Last updated 2025-02-27
State In force
Department King's Printer of Acts of Parliament
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articles Not indexed
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[^key-ec76815a177d44886903017f2d1cedad]: Words in reg. 14(2)(b) substituted (16.4.2012) by The Financial Services (Omnibus 1 Directive) Regulations 2012 (S.I. 2012/916), regs. 1, 3(10)

[^key-ec9c22a3f64d867805232424c5e302cd]: Sch. 3(b)(v) omitted (1.4.2014) by virtue of The Enterprise and Regulatory Reform Act 2013 (Competition) (Consequential, Transitional and Saving Provisions) (No. 2) Order 2014 (S.I. 2014/549), art. 1(1), Sch. 1 para. 30(4)(a) (with art. 3)

[^key-ecbf9eef76fdedcc22ae3ed3c3d2eb01]: Words in Sch. 2 omitted (29.11.2018 for specified purposes, 1.4.2019 in so far as not already in force) by virtue of The Financial Services and Markets Act 2000 (Claims Management Activity) Order 2018 (S.I. 2018/1253), arts. 1(2)(3), 99(3)

[^key-ee02a1b61d27da0e6a51f8e96da9fe77]: Words in Sch. 1 Pt. 1 substituted (21.11.2014) by The Central Securities Depositories Regulations 2014 (S.I. 2014/2879), regs. 1(1), 7

[^key-ee8b98cd7b28c8a02f8feaca8814d286]: Words in Sch. 3(b)(x) omitted (1.10.2013) by virtue of The Public Bodies (Merger of the Gambling Commission and the National Lottery Commission) Order 2013 (S.I. 2013/2329), art. 1(2), Sch. para. 34(c)(i) (with art. 8, Sch. para. 43)

[^key-f48741ab24833847a5cf50935bcea4bd]: Words in Sch. 1 Pt. 1 Table omitted (31.12.2020) by virtue of The Public Record, Disclosure of Information and Co-operation (Financial Services) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/681), regs. 1(3), 4(19)(d); 2020 c. 1, Sch. 5 para. 1(1)

[^key-f90006209a423356ae35963a15a192f7]: Reg. 2 applied (with modifications) (2.3.2009) by The Payment Services Regulations 2009 (S.I. 2009/209), reg. 1(2)(a), Sch. 5 para. 10(a) (as amended (9.12.2015) by The Payment Card Interchange Fee Regulations 2015 (S.I. 2015/1911), regs. 1, 17(3))

[^key-fa52089533db2c8ad02f4df5efadd6c2]: Words in Sch. 1 Pt. 1 inserted (20.1.2007) by The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) (Amendment) Regulations 2006 (S.I. 2006/3413), regs. 1(2)(a), 8(1)(b)

[^key-fb08d840501ac13ecae24998e767f2eb]: Words in Pt. 4 heading substituted (31.12.2020) by The Public Record, Disclosure of Information and Co-operation (Financial Services) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/681), regs. 1(3), 4(12); 2020 c. 1, Sch. 5 para. 1(1)

[^key-fbb74ff2716ae11be844067610aa9401]: Word in reg. 9(2B)(a) inserted (31.12.2020) by The Public Record, Disclosure of Information and Co-operation (Financial Services) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/681), regs. 1(3), 4(8)(d)(i); 2020 c. 1, Sch. 5 para. 1(1)

[^key-fc2f03926fc4bb98b82a2d219862aabb]: Words in reg. 7 substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 47(5)

[^key-fddfe4b252c45ac0241301baac75bf61]: Words in reg. 3(2) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 47(3)(c)(i)

[^key-fe0dd5306fe2e6a6cb27fbb3af18595e]: Words in reg. 13 inserted (31.12.2020) by The Public Record, Disclosure of Information and Co-operation (Financial Services) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/681), regs. 1(3), 4(15)(a) (as amended by S.I. 2020/1301, regs. 1, 3, Sch. para. 41(d)); 2020 c. 1, Sch. 5 para. 1(1)

[^M_F_43b831ee-e685-4f1a-ea6d-3dd273ef2946]: Reg. 11(e) inserted (1.7.2011) by The Undertakings for Collective Investment in Transferable Securities Regulations 2011 (S.I. 2011/1613), regs. 1, 5(4)(b)

[^key-8918d1e7fa00851049849851bb53acae]: Words in Sch. 1 Pt. 1 inserted (22.4.2021) by The Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/494), regs. 1(2), 5(a)

[^key-f585af623eb7dc7eb1ef02661bd4a5d9]: Words in Sch. 2 inserted (22.4.2021) by The Recognised Auction Platforms (Amendment and Miscellaneous Provisions) Regulations 2021 (S.I. 2021/494), regs. 1(2), 5(b)

[^key-67645df68571c7c94ba3af1791a2975b]: Words in Sch. 1 Pt. 1 table inserted (29.8.2023) by Financial Services and Markets Act 2023 (c. 29), s. 86(2)(e), Sch. 12 para. 12

[^key-b7ceb8dd5a86f615234684ced70a06df]: Words in Sch. 1 table substituted (31.12.2023) by The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (S.I. 2023/1313), regs. 1(2), 15(6)(a)

[^key-ed71a51b27ddd10e4245e82b39359174]: Words in Sch. 1 table inserted (31.12.2023) by The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (S.I. 2023/1313), regs. 1(2), 15(6)(b)(i)

[^key-a5dc637be1e4feab55528fc140b3198a]: Words in Sch. 1 table inserted (31.12.2023) by The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (S.I. 2023/1313), regs. 1(2), 15(6)(b)(ii)

[^key-acfa31896460c2c2fe7786d73eb581cb]: Word in Sch. 1 table inserted (31.12.2023) by The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (S.I. 2023/1313), regs. 1(2), 15(6)(c)(i)

[^key-d2673a52eb8fe54cfccaaf8de68154e7]: Words in Sch. 1 table inserted (31.12.2023) by The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (S.I. 2023/1313), regs. 1(2), 15(6)(c)(ii)

[^key-d50e1f2869bfe5f31cf7ab5e51778e66]: Words in Sch. 1 table substituted (31.12.2023) by The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (S.I. 2023/1313), regs. 1(2), 15(6)(d)(i)

[^key-c5addbc8c0eeeeb60b733fbe9b86bd5d]: Words in Sch. 1 table inserted (31.12.2023) by The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (S.I. 2023/1313), regs. 1(2), 15(6)(d)(ii)

[^key-578b9a38421f7667e0faf3701a269df0]: Words in reg. 2 inserted (31.12.2023) by The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (S.I. 2023/1313), regs. 1(2), 15(2)(a)

[^key-f734023386414f23cebb1f1dfad0f43d]: Words in reg. 2 substituted (31.12.2023) by The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (S.I. 2023/1313), regs. 1(2), 15(2)(b)(i)

[^key-094ead81cdf3ef2488aed39a3f668c5b]: Words in reg. 2 substituted (31.12.2023) by The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (S.I. 2023/1313), regs. 1(2), 15(2)(b)(ii)

[^key-1f12ccecc2985190a8b697cfd1978910]: Words in reg. 2 inserted (31.12.2023) by The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (S.I. 2023/1313), regs. 1(2), 15(2)(c)(i)

[^key-850baa621d1bb57280b3c85c78feedc0]: Words in reg. 2 substituted (31.12.2023) by The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (S.I. 2023/1313), regs. 1(2), 15(2)(c)(ii)

[^key-5742e6efacc63763b8aaa2d22bc1f8b8]: Words in reg. 9(2C)(c) substituted (31.12.2023) by The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (S.I. 2023/1313), regs. 1(2), 15(3)(a)

[^key-b3037b732539af17847a2e992df0b600]: Words in reg. 9(2C)(d)(i) inserted (31.12.2023) by virtue of The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (S.I. 2023/1313), regs. 1(2), 15(3)(b)(i)

[^key-6e867f18e3e1b19c62ed3cd8756dee0b]: Words in reg. 9(2C)(d)(i) substituted (31.12.2023) by virtue of The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (S.I. 2023/1313), regs. 1(2), 15(3)(b)(ii)

[^key-616f784f1bab9a4dd66d6229b7d48f26]: Word in reg. 10A(1)(a) omitted (31.12.2023) by virtue of The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (S.I. 2023/1313), regs. 1(2), 15(4)(a)

[^key-5fa639fe62ae5aae30a58ca8f4991234]: Word in reg. 10A(1)(b) inserted (31.12.2023) by The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (S.I. 2023/1313), regs. 1(2), 15(4)(b)

[^key-143f5bc6c6c5e98f40ef559d6d597dc5]: Reg. 10A(1)(c) inserted (31.12.2023) by The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (S.I. 2023/1313), regs. 1(2), 15(4)(c)

[^key-3d5bac0a39da5bc1b6774cbe723bd193]: Words in reg. 10B(2) inserted (31.12.2023) by The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (S.I. 2023/1313), regs. 1(2), 15(5)(a)

[^key-4576686c6e2b766877b8477218350be9]: Words in reg. 10B(2) substituted (31.12.2023) by The Resolution of Central Counterparties (Modified Application of Corporate Law and Consequential Amendments) Regulations 2023 (S.I. 2023/1313), regs. 1(2), 15(5)(b)

[^key-15fb6f413a27f62d95bfef11539e47fb]: Reg. 10D inserted (31.12.2024) by The Insurance and Reinsurance Undertakings (Prudential Requirements) (Amendment and Miscellaneous Provisions) Regulations 2024 (S.I. 2024/1083), regs. 1(2)(b), 12(3)

[^key-612d0df1ce159300708572925a1dd32c]: Reg. 12D inserted (31.12.2024) by The Insurance and Reinsurance Undertakings (Prudential Requirements) (Amendment and Miscellaneous Provisions) Regulations 2024 (S.I. 2024/1083), regs. 1(2)(b), 12(4)

[^key-80c9739d31c5a836f1e06c9d3233687e]: Words in reg. 2 inserted (31.12.2024) by The Insurance and Reinsurance Undertakings (Prudential Requirements) (Amendment and Miscellaneous Provisions) Regulations 2024 (S.I. 2024/1083), regs. 1(2)(b), 12(2)

[^key-32075fb0ef51d895ff6e46ecdb5b1c72]: Words in reg. 2 substituted (14.1.2025 for specified purposes) by The Short Selling Regulations 2025 (S.I. 2025/29), reg. 2(2)(3), Sch. 2 para. 4(2)

[^key-335e829dcce02818a041e84a8a3f7ba5]: Reg. 12(3A)-(3C) inserted (14.1.2025 for specified purposes) by The Short Selling Regulations 2025 (S.I. 2025/29), reg. 2(2)(3), Sch. 2 para. 4(3)(a)

[^key-16d2eaa02678cbc38f7bf3d2dd07b836]: Reg. 12(4) omitted (14.1.2025 for specified purposes) by virtue of The Short Selling Regulations 2025 (S.I. 2025/29), reg. 2(2)(3), Sch. 2 para. 4(3)(b)

[^key-4142a57fa06c91ca6968248b423643b1]: Words in Sch. 1 Pt. 1 table omitted (21.1.2025) by virtue of The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) (Amendment) Regulations 2024 (S.I. 2024/1306), regs. 1(1), 2(3)(a)

[^key-2a47a3e8ef97c01d51c6d50952d3ee98]: Words in Sch. 1 Pt. 1 table omitted (21.1.2025) by virtue of The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) (Amendment) Regulations 2024 (S.I. 2024/1306), regs. 1(1), 2(3)(b)

[^key-0e9cc7d54b4e57974a6450bf59ad6447]: Words in Sch. 1 Pt. 1 table omitted (21.1.2025) by virtue of The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) (Amendment) Regulations 2024 (S.I. 2024/1306), regs. 1(1), 2(3)(c)

[^key-2edd4481842655382cc4a41d7449d302]: Words in Sch. 2 Pt. 1 Table inserted (21.1.2025) by The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) (Amendment) Regulations 2024 (S.I. 2024/1306), regs. 1(1), 2(4)

[^key-0f0bf1e34a07a0a7547566b459753514]: Words in reg. 2 inserted (21.1.2025) by The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) (Amendment) Regulations 2024 (S.I. 2024/1306), regs. 1(1), 2(2)

[^key-62aa027c453500a3d1691407b1ee40b8]: Word in Pt. 4 heading substituted (27.2.2025) by The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendments) Regulations 2025 (S.I. 2025/82), reg. 1(2), Sch. 9 para. 3(e)

[^key-674a1cf97803b0c8af89e5b6c2881b9d]: Word in Sch. 1 heading substituted (27.2.2025) by The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendments) Regulations 2025 (S.I. 2025/82), reg. 1(2), Sch. 9 para. 3(f)

[^key-e1b28b9335df9bccaa079f3c1399bd35]: Word in Sch. 2 heading substituted (27.2.2025) by The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendments) Regulations 2025 (S.I. 2025/82), reg. 1(2), Sch. 9 para. 3(g)

[^key-572a74f723f2102d21a1ea1f4e287b3f]: Word in reg. 2 substituted (27.2.2025) by The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendments) Regulations 2025 (S.I. 2025/82), reg. 1(2), Sch. 9 para. 3(a)(i)

[^key-87bc3a7c3787f30bdac1137cdc549cfb]: Word in reg. 2 substituted (27.2.2025) by The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendments) Regulations 2025 (S.I. 2025/82), reg. 1(2), Sch. 9 para. 3(a)(ii)

[^key-ee1492c73f49cf03c70c8dd81897c6e6]: Words in reg. 2 omitted (27.2.2025) by virtue of The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendments) Regulations 2025 (S.I. 2025/82), reg. 1(2), Sch. 9 para. 3(a)(iii)

[^key-bd195393a2e3141ee8ef4f457057b806]: Word in reg. 2 substituted (27.2.2025) by The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendments) Regulations 2025 (S.I. 2025/82), reg. 1(2), Sch. 9 para. 3(a)(iv)

[^key-456604fc84a675ce5706131e1fb2da16]: Words in reg. 2 inserted (27.2.2025) by The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendments) Regulations 2025 (S.I. 2025/82), reg. 1(2), Sch. 9 para. 3(a)(v)

[^key-9a8d4723c78b23512974bc8200201f63]: Word in reg. 3(3) substituted (27.2.2025) by The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendments) Regulations 2025 (S.I. 2025/82), reg. 1(2), Sch. 9 para. 3(b)

[^key-a1f551e7e610bf43ead1a42057a47554]: Word in reg. 5(5) substituted (27.2.2025) by The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendments) Regulations 2025 (S.I. 2025/82), reg. 1(2), Sch. 9 para. 3(c)

[^key-21dd5eca7dc76c26e53f466ba7f836d5]: Word in reg. 9(2B)(b)(ii) substituted (27.2.2025) by The Retained EU Law (Revocation and Reform) Act 2023 (Consequential Amendments) Regulations 2025 (S.I. 2025/82), reg. 1(2), Sch. 9 para. 3(d)

12A

The Gambling Commission may disclose information to which this Part applies to the Comptroller and Auditor General for the purpose of enabling or assisting the Comptroller and Auditor General to carry out an examination under Part II of the National Audit Act 1983 in relation to the Commission.

Electronic commerce

12B

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12C

A primary recipient of information to which this Part applies, or a person obtaining such information directly or indirectly from a primary recipient is permitted to disclose such information to any person for the purposes of any proceedings under the Proceeds of Crime Act 2002 which have been or may be initiated.

Investment services directive information: transitional provision

17

In these Regulations confidential information received by the Authority in the course of discharging its functions as an EEA competent authority under Council Directive 93/22/EEC of 10th May 1993 on investment services in the securities field shall be deemed to have been received by the Authority in the course of discharging its functions as an EEA competent authority under Directive 2004/39/EC of the European Parliament and of the Council of 21st April 2004 on markets in financial instruments.

PART 5

. . . . . .

Disclosure in pursuance of an EU obligation

Disclosure by and to the regulators, the Secretary of State and the Treasury etc.

Disclosure by regulators or regulator workers to certain other persons

Disclosure of recovery and resolution directive information

10A

provided that any such disclosure is made subject to the conditions in paragraph (2), and following the assessment required in regulation 10B.

Assessment of effects of disclosure

10B

The Gambling Commission

Proceedings under the Proceeds of Crime Act 2002

Disclosure of capital requirements directive information to International Financial Institutions

10C

PART6

Organisation Functions
International Monetary Fund Its functions in relation to assessments for the Financial Sector Assessment Program
World Bank Its functions in relation to assessments for the Financial Sector Assessment Program
Bank for International Settlements Its functions in relation to quantitative impact studies
Financial Stability Board Its surveillance functions

Disclosure of recovery and resolution ... information

CHAPTER 1 — Transitional Provisions Applicable Before IP completion day

Interpretation

Disclosure of pre-commencement information

Disclosure of transitional information

Disclosure by recognised self-regulating organisations

Investment services directive information: transitional provision

CHAPTER 2 — Transitional Provision Applicable on or after IP completion day

Transitional provision applicable on or after IP completion day

18

Confidential information received before IP completion day by a primary recipient or any person obtaining the information directly or indirectly from a primary recipient shall continue to be treated, on or after IP completion day, as if that information had been received by that person in accordance with the relevant EU Regulations, directives or these Regulations as they had effect immediately before IP completion day.

Disclosure of information in order to publish a stress test in relation to insurance undertakings and reinsurance undertakings

10D

The PRA or a person who is employed by the PRA may disclose confidential information if it is necessary to do so in order to publish the outcome of a stress test conducted in respect of an insurance undertaking, which is also a UK Solvency II Firm as defined by the PRA rules, or a reinsurance undertaking, which is also a UK Solvency II firm as defined by the PRA rules.

Disclosure of information in order to publish a stress test in relation to insurance undertakings and reinsurance undertakings

12D

The PRA or a person who is employed by the PRA may disclose confidential information if it is necessary to do so in order to publish the outcome of a stress test conducted in respect of an insurance undertaking, which is also a UK Solvency II Firm as defined by the PRA rules, or a reinsurance undertaking, which is also a UK Solvency II Firm as defined by the PRA rules.

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