Regulation 56 Amendments to the Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001

The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001 M1 is amended as follows.

In regulation 2 M2 in the appropriate places insert—

““EU Benchmarks Regulation 2016” means Regulation EU 2016/1011 M3 of the European Parliament and of the Council of 8 June 2016 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and amending Directives 2008/48/EC M4 and 2014/17/EU M5 and Regulation (EU) No 596/2014 M6;”; and

“EU Benchmarks Regulation 2016 information” means information received by the FCA in the course of discharging its functions as a competent authority under the EU Benchmarks Regulation 2016;”.

In regulation 12, after paragraph (5) insert—

“(6)

This regulation does not permit disclosure of the EU Benchmarks Regulation 2016 information which has been received from another competent authority unless the disclosure is in accordance with Article 38 of the EU Benchmarks Regulation 2016.”.