(1) Notwithstanding section 851A of the Taxes Consolidation Act 1997 (No. 39 of 1997) a Revenue officer (within the meaning of that section) may disclose to the Bank information in relation to a PEPP which is required by the Bank for the purpose of, or in connection with, the performance by it of its functions under the PEPP Regulation or these Regulations.

(2) Information disclosed to the Bank under paragraph (1) may only be used for the purpose of, or in connection with, the performance by the Bank of its functions under the PEPP Regulation or these Regulations.