(1) An application may be made to the registrar to prevent the disclosure to a credit reference agency of protected information relating to a director or permanent representative (an "application for higher protection").

(2) An application for higher protection shall be made and determined in accordance with the provisions of Schedule 3.

(3) The registrar shall refrain from disclosing to a credit reference agency protected information relating to -

(a) an individual in respect of whom a successful application for higher protection has been made, or

(b) an individual in respect of whom an application for higher protection has been made where -

(i) the registrar has not made a determination, or

(ii) the registrar has made a determination rejecting the application and an appeal against that determination has been brought but has not been determined;