Paragraph 14 I1

United Kingdom

(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 ”.

Annotations

I1: Sch. 1 para. 14 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)