(1) The Bank of England may disclose recovery and resolution information to any person for the purpose of enabling the Bank to prepare for and carry out the functions given to it under -

(a) Parts 1, 2 and 3 of the Banking Act 2009,

(b) the Investment Bank Special Administration Regulations 2011 [S.I. No. 2011/245.], or

(c) Schedule 11 to the Financial Services and Markets Act 2023,

provided that any such disclosure is made subject to the conditions in paragraph (2), and following the assessment required in regulation 10B.

(2) A disclosure made by the Bank of England under paragraph (1) must be made subject to -

(a) a requirement that the information disclosed is kept confidential and not disclosed to any other person without the consent of the Bank; and

(b) restrictions imposed by the Bank as to the way in which the information may be used.

(3) A resolution administrator appointed under section 62B of the Banking Act 2009 may disclose recovery and resolution information to a regulator.