[137N Recovery plans and [resolution packs]: restriction on duty of confidence]
[137N Recovery plans and [resolution packs]: restriction on duty of confidence]

[(1)     A contractual or other requirement imposed on a person (“P”) to keep information in confidence does not apply if—

(a)     the information is or may be relevant to anything required to be done as a result of a requirement imposed by general rules made by either regulator to prepare a recovery plan or a [resolution pack],

(b)     an authorised person or a skilled person requests or requires P to provide the information for the purpose of securing that those things are done, and

(c)     the regulator in question has approved the making of the request or the imposition of the requirement before it is made or imposed.