Section 137 | National Savings Bank: disclosure of information.

The following shall be inserted after section 12(2) of the National Savings Bank Act 1971 (secrecy)—

(2A)Subsection (1) above shall not prevent the disclosure, by a person authorised by the Director of Savings, of information to any person for a permitted purpose.

(2B)A permitted purpose is a purpose connected with the provision of information about—

(a)the business of the National Savings Bank;

(b)any other means by which money is raised under the auspices of, by or through the Director of Savings.

(2C)A person to whom information is disclosed in pursuance of subsection (2A) above shall not—

(a)use the information for a purpose other than a permitted purpose;

(b)disclose the information to any other person.