The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) (Amendment) Regulations 2012
These Regulations amend Schedule 2 to the Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001 (S.I. 2001/2188) (“the principal Regulations”) to reinstate the Gas and Electricity Markets Authority (“GEMA”) as a body to which confidential information as defined in section 348(2) of the Financial Services and Markets Act 2000 (c.8) (“the Act”) that is not subject to single market restrictions (within the meaning of the principal Regulations) may be disclosed by either (1) a primary recipient of the information or (2) a person obtaining such information directly or indirectly from a primary recipient. “Primary recipients” of confidential information are: the Financial Services Authority; the Secretary of State; their current and former employees; auditors and experts instructed by them; skilled persons appointed to gather information under section 139E of the Act and persons appointed to make a report under section 166 of the Act.