Section 147

The FCA, the Commissioners and the Payment Systems Regulator may take such steps as they consider appropriate to co-operate with each other and— for the purposes of the exercise by those bodies of their functions under these Regulations and other relevant legislation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . the Bank of England; and any other public authority exercising functions in the United Kingdom in relation to payment service providers, Subject to the requirements of the Data Protection Act 1998 , section 348 of the 2000 Act (restrictions on disclosure of confidential information by FCA etc.) (as applied with modifications by paragraph 8 of Schedule 6 to these Regulations), regulation 105 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (disclosure by the Commissioners) and any other applicable restrictions on the disclosure of information, the FCA, the Commissioners and the Payment Systems Regulator may provide information to each other and— for the purposes of the exercise by those bodies of their functions under these Regulations and other relevant legislation. the bodies mentioned in paragraph (1)(c); the Bank of England when acting in its capacity as a monetary and oversight authority; where relevant, other public authorities responsible for the oversight of payment and settlement systems; Part 9 of the Enterprise Act 2002 (information) does not prohibit disclosure of information under paragraph (2) but a person to whom that Part applies must have regard to the considerations mentioned in section 244 of that Act (specified information: considerations relevant to disclosure) before making any such disclosure. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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