Regulation 38 Professional secrecyI1

United Kingdom

In Article 48 (professional secrecy)—

(a)

in paragraph 2, for “competent authority”, each time it occurs, substitute “ FCA ”;

(b)

in paragraph 3, for “Union or national law” substitute “ the law of the United Kingdom or any part of the United Kingdom ”;

(c)

in paragraph 4—

(i)

for “exchanged between the competent authorities under this Regulation” substitute “ exchanged between the FCA and competent authorities ”;

(ii)

for “competent authority” substitute “ authority from whom the information is received ”.

Annotations

I1: Reg. 38 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)