The Data Protection (Regulation of Financial Services etc.) (Subject Access Exemption) Order 1987

• Citation: S.I. 1987/1905
• Sections: 6

Section 1

This Order may be cited as the Data Protection (Regulation of Financial Services etc.) (Subject Access Exemption) Order 1987 and shall come into force on 11th November 1987.

Section 2

The functions designated for the purposes of section 30 of the Data Protection Act 1984 (exemption from subject access provisions of data held for the purpose of discharging designated functions relating to the regulation of financial services etc.) are—

(a) those specified in Schedule 1 to this Order being functions conferred by or under the enactments listed in column 1 of that Schedule and described in column 2 thereof; and

(b) those specified in Schedule 2 to this Order being functions of a type mentioned in paragraphs (a) to (c) of section 190 of the Financial Services Act 1986 and designated for the purposes of section 30 as if they were functions conferred by or under any enactment.

Section 3

This Order is without prejudice to any exemption from the subject access provisions within the meaning of section 26(2) of the Data Protection Act 1984.

Section 1

Functions of a recognised self-regulating organisation within the meaning of section 8(1) of the Financial Services Act 1986 in connection with the admission or expulsion of members, the supervision of a person’s membership or the supervision or regulation of persons carrying on investment business by virtue of membership of the organisation.

Section 2

Functions of a recognised professional body within the meaning of section 207(1) of that Act in connection with the issue of certificates for the purposes of Part I of the Act, the withdrawal and suspension of such certificates or the supervision or regulation of persons carrying on investment business by virtue of certification by that body.

Section 3

Functions of a recognised self-regulating organisation for friendly societies within the meaning of paragraph 1 of Schedule 11 to that Act in connection with the supervision or regulation of its member societies.