Regulation 12 Amendment of Regulation (EU) No 2015/2365

(1)

Regulation (EU) 2015/2365 of the of the European Parliament and of the Council of 25th November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012^f1 is amended as follows.

(2)

In Article 18^f2—

(a)

in paragraph (2), for the words “the FCA receives in the course of its duties” substitute “those persons receive in the course of their duties”;

(b)

in paragraph (3)—

(i)

for the words “the FCA, when it receives” substitute “where the competent authorities receive”;

(ii)

after the words “pursuant to this Regulation” insert “they”;

(iii)

for the words “its duties and for the exercise of its functions” substitute “their duties and for the exercise of their functions”;

(iv)

in the final sentence, for “the FCA” substitute “the competent authorities”.

(c)

for paragraph (5), substitute—

“(5)
Paragraphs 1, 2 and 3 shall not prevent the competent authorities from exchanging or transmitting confidential information in accordance with any provision of the law applying in any part of the United Kingdom.”.

Annotations

Footnotes

f1: OJ No. L 337, 23.12.2015, p.1.
f2: The reference to article 18 is as amended by the Transparency of Securities Financing Transactions and of Reuse (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/XXXX).