Section 52A(3)

A relevant supervisory authority may disclose confidential information received pursuant to these Regulations— in the discharge of its duties under these Regulations or under other legislation relating to— money laundering, terrorist financing or proliferation financing; prudential regulation; or the supervision of credit institutions, financial institutions and cryptoasset businesses; in an appeal against a decision of a supervisory authority; in court proceedings initiated by a relevant supervisory authority in the exercise of the duties referred to in sub-paragraph (a), or otherwise relating to the authority’s discharge of those duties; where the Commissioners are the supervisory authority, in accordance with sections 17 and 18 of the Commissioners for Revenue and Customs Act 2005; where the FCA is the supervisory authority, unless disclosure is otherwise permitted by this regulation, in accordance with sections 348 (restrictions on disclosure of confidential information by FCA, PRA etc.) and 349 (exceptions from section 348) of FSMA where those sections shall apply for the purposes of this sub-paragraph subject to the modifications in paragraph (3A); in accordance with regulation 52.

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