Regulation 20 I1

United Kingdom

In Article 18—

(a)

in paragraph (2)—

(i)

omit “and the competent authorities referred to in Article 16, for ESMA, EBA and EIOPA”;

(ii)

for “competent authorities or ESMA, EBA and EIOPA” substitute “ FCA ”;

(iii)

for “those persons receive in the course of their duties” substitute “ the FCA receives in the course of its duties ”;

(b)

in paragraph (3)—

(i)

for “national criminal or tax law, the competent authorities, ESMA, EBA, EIOPA, bodies or natural or legal persons other than competent authorities, which receive,” substitute “ the law applying in any part of the United Kingdom, the FCA, when it receives ”;

(ii)

for “their duties and for the exercise of their functions, in the case of the competent authorities” substitute “ its duties and for the exercise of its functions ”;

(iii)

for “ESMA, EBA, EIOPA, the competent authority” substitute “ the FCA ”;

(c)

omit paragraph (4);

(d)

for paragraph (5) substitute—

“(5)
Paragraphs 2 and 3 shall not prevent the FCA from exchanging or transmitting confidential information, in accordance with the law applying in any part of the United Kingdom, that has been received from a third country regulatory authority.”.

Annotations

Commencement

I1: Reg. 20 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1