Paragraph 14

(1)

Article 17 (professional secrecy) is amended as follows.

(2)

In paragraph 2—

(a)

omit subparagraphs (a) and (b);

(b)

in subparagraphs (c) and (d), for “national regulatory authorities” substitute “national regulatory authority”.

(3)

In paragraph 3, for “Union legislation” substitute “retained EU law”.

(4)

In paragraph 4—

(a)

in the first sentence, for the words from “the Agency” to “ESMA” substitute “authorities”;

(b)

in the third sentence, for the words from “national” to “or other” substitute “authorities,”.

(5)

In paragraph 5—

(a)

omit “in a Member State”;

(b)

for “another Member” substitute “a member”;

(c)

at the end, insert “as it applies in EU law”.