348 Restrictions on disclosure of confidential information by [FCA, PRA] etc
348 Restrictions on disclosure of confidential information by [FCA, PRA] etc

(1)     Confidential information must not be disclosed by a primary recipient, or by any person obtaining the information directly or indirectly from a primary recipient, without the consent of—

(a)     the person from whom the primary recipient obtained the information; and

(b)     if different, the person to whom it relates.

(2)     In this Part “confidential information” means information which—

(a)     relates to the business or other affairs of any person;

(b)     was received by the primary recipient for the purposes of, or in the discharge of, any functions of the [FCA, the PRA]. . . or the Secretary of State under any provision made by or under this Act; and

(c)     is not prevented from being confidential information by subsection (4).

(3)     It is immaterial for the purposes of subsection (2) whether or not the information was received—