(1) Banknote regulations or rules may make provision about -

(a) reports to be made by an authorised bank in respect of the treatment, holding or issue of banknotes or in respect of compliance with banknote regulations or rules, and

(b) information to be given by an authorised bank or an agent of an authorised bank.

(2) Banknote regulations may make provision enabling the publication or disclosure of -

(a) information provided in accordance with banknote regulations or rules;

(b) details of anything done in contravention of this Part or banknote regulations or rules;

(c) details of action taken under sections 221 to 224 (which may include details of the reason for the action and its result).

(3) Her Majesty's Revenue and Customs shall transfer to the Bank of England any information acquired or held in connection with functions in respect of the issue of banknotes in Scotland or Northern Ireland.

(4) The Bank of England may use information received in accordance with subsection (3) only for the purposes of its functions under or by virtue of this Part.