# The Benchmarks (Amendment and Transitional Provision) (EU Exit) Regulations 2019, Regulation 38: Professional secrecy


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”.

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Source: https://www.legislation.gov.uk/ukdsi/2019/9780111179208/regulation/38 (the official version)
Page: https://openlegislation.uk/draft-benchmarks-amendment-and-transitional-provision-eu-exit-regulations-2019/regulation-38
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.