Section 326: Permitted use or disclosure by the Commission.

(1) The Commission may use protected information for communicating with the director in question.
(2) The Commission may disclose protected information—
(a) to a public authority specified for the purposes of this section by regulations made by the Minister; or
(b) to a credit reference agency.
(3) The Minister may make provision by regulations—
(a) specifying conditions for the disclosure of protected information in accordance with this section; and
(b) providing for the charging of fees.
(4) The Minister may make provision by regulations requiring the Commission, on application, to refrain from disclosing protected information relating to a director to a credit reference agency.
(5) Regulations under subsection (4) may make provision as to—
(a) who may make an application;
(b) the grounds on which an application may be made;
(c) the information to be included in and documents to accompany an application; and
(d) how an application is to be determined.
(6) Provision under subsection (5) (d) may in particular—
(a) confer a discretion on the Commission; and
(b) provide for a question to be referred to a person other than the Commission for the purposes of determining the application.
(7) In this section—
(a) “credit reference agency” means a person carrying on a business comprising the furnishing of information relevant to the
financial standing of individuals, being information collected by the agency for that purpose; and
(b) “public authority” includes any person or body having functions of a public nature.