(1) Section 449 of the 1985 Act (provision for security of information obtained under section 447 of that Act) [Amended by the Financial Services Act 1986 (c. 60), Schedule 13, paragraph 9 and Schedule 17; the Companies Act 1989 (c. 60), section 65 and Schedule 24; the Friendly Societies Act 1992 (c. 40), Schedule 21, paragraph 7 and Schedule 22; the Bank of England Act 1998 (c. 11), Schedule 5, paragraph 62; S.I. 1992/1315, Schedule 4, paragraph 1; S.I. 1994/1696, Schedule 13, paragraph 9; and S.I. 1995/710, regulation 5.] is amended as follows.

(2) In subsection (1), the following are repealed -

(a) in paragraph (c), the words ", or under section 94 or 177 of the Financial Services Act 1986,";

(b) in paragraph (d), the words "the Insurance Companies Act 1982,";

(c) paragraphs (de) and (df); and

(d) paragraph (i).

(3) In subsection (1)(cc), for the words from "or appointed" to "Financial Services Act 1986" substitute "section 447 of this Act".

(4) After subsection (1)(cc) insert -

"(cd) for the purposes of enabling or assisting a person appointed under -

(i) section 167 of the Financial Services and Markets Act 2000 (general investigations),

(ii) section 168 of that Act (investigations in particular cases),