(1) This Part applies to information ("overseas regulatory information") which -

(a) is supplied to the Bank after commencement for the purposes of any relevant functions by an overseas regulatory authority.

(b) [deleted]

(2) Subject to paragraphs (3) and (4) and article 4, sections 348, 349 and 352 of the Act apply in relation to overseas regulatory information in the same way as they apply in relation to confidential information within the meaning of section 348(2) of the Act.

(3) Overseas regulatory information is not subject to the restrictions on disclosure imposed by section 348(1) of the Act (as it applies by virtue of paragraph (2)) if it satisfies any of the criteria set out in section 348(4)(a) or (b) of the Act.