Section 36(2)

Condition 1 is that— A is carrying on a business in the regulated sector as a relevant undertaking, the information on which the disclosure is based came to A in the course of carrying on that business, and the person to whom the information is to be disclosed (or each of them, where the disclosure is to more than one person) is also carrying on a business in the regulated sector as a relevant undertaking (whether or not of the same kind as A).

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Source: legislation.gov.uk · retrieved 2026-09-04