IDG63250 - Procedure for disclosing to others (government): Financial Services Authority
Why share information with the FSA?
The FSA has statutory objectives of maintaining market
confidence in the financial services industry, promoting public
understanding of the financial system, protecting consumers of
financial services, and reducing financial crime.
To assist the FSA in carrying out its independent regulation
of the financial services industry in the UK we may under certain
conditions provide information about companies and sectors.
Ensuring information is shared lawfully
All disclosures of HMRC information must be lawful. See
IDG40500 for more information on lawful
disclosure as provided by the CRCA.
To be lawful, HMRC may only share information with the FSA
through a legal gateway. See
IDG44000 for general information about
legal gateways. The appropriate legal gateway to use is listed
under each type of disclosure to the FSA at
IDG63270 to
IDG63310.
You must also ensure when passing information to the FSA that
you follow the agreed procedure for disclosures. Details are listed
under each type of disclosure to the FSA:
| IDG63270 | If the FSA request information from teams in the former Customs side of the business |
| IDG63290 | If the FSA request information from teams in the former Revenue side of the business |
| IDG63310 | Disclosing from any part of HMRC to the Financial Standards Authority through the gateway provided by the Anti-Terrorism, Crime and Security Act (ATCSA) (criminal matters only) |
