Regulation 99 Amendment of Regulation 537/2014

In Article 25 (cooperation with other competent authorities at national level)—

(a)

in the first subparagraph—

(i)

for “Competent authorities designated pursuant to Article 20(1)” substitute “The competent authority”;

(ii)

for “any authority” substitute “any body”;

(iii)

for “such a” substitute “the”;

(iv)

omit “at national level”;

(v)

for point (a), substitute—

“(a)
the body designated by the Secretary of State under section 1252 of the Companies Act 2006;”;

(vi)

for point (b), substitute—

“(b)
the Financial Conduct Authority^f1;”;

(vii)

for point (c), substitute—

“(c)
the body appointed to exercise the functions mentioned at section 14(2) of the Companies (Audit, Investigations and Community Enterprise) Act 2004;

(d)
the person authorised for the purposes of section 456 of the Companies Act 2006; or

(e)
the National Crime Agency and the supervisory authorities referred to in regulation 7 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.”;

(b)

in the second subparagraph—

(i)

for “obligation of professional secrecy” substitute “restrictions on disclosure”;

(ii)

for “Article 22 of this Regulation shall” substitute “section 1224A of the Companies Act 2006”.

Annotations

Footnotes

f1: The UK financial services regulator, with primary responsibility for the conduct of firms authorised under the Financial Services and Markets Act 2000 (c. 8).