(1) Section 452 of the 1985 Act (privileged information) is amended as follows.
(2) In subsection (3) [Subsection (3) was amended by the Companies Act 1989 (c. 40), section 69(4), and by S.I. 1994/1696, Schedule 8, paragraph 9(4).], for the words from "or the customer is a person on whom a requirement has been imposed under that section," to the end of that subsection, substitute "or the customer is -
(a) a person on whom a requirement has been imposed under that section, or
(b) a person on whom a requirement to produce information or documents has been imposed by the Secretary of State, or by a person appointed by the Secretary of State to conduct an investigation, under section 171 or 173 of the Financial Services and Markets Act 2000.".