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Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (Text with EEA relevance)
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Regulation (EU) No 596/2014 of the European Parliament and of the Council, Article 27 is up to date with all changes known to be in force on or before 17 August 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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1.Any confidential information received, exchanged or transmitted pursuant to this Regulation shall be subject to the conditions of professional secrecy laid down in paragraphs 2 and 3.
2.All the information [F1exchanged between the FCA and competent authorities] under this Regulation that concerns business or operational conditions and other economic or personal affairs shall be considered to be confidential and shall be subject to the requirements of professional secrecy, except where the [F2authority from whom the information is received] states at the time of communication that such information may be disclosed or such disclosure is necessary for legal proceedings.
3.The obligation of professional secrecy applies to all persons who work or who have worked for the [F3FCA] or for any authority or market undertaking to whom the [F3FCA] has delegated its powers, including auditors and experts contracted by the [F3FCA]. Information covered by professional secrecy may not be disclosed to any other person or authority except by virtue of provisions laid down by [F4the law of the United Kingdom, or any part of the United Kingdom].
Textual Amendments
F1Words in Art. 27(2) substituted (31.12.2020) by The Market Abuse (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/310), regs. 1(3), 13(7)(a)(i); 2020 c. 1, Sch. 5 para. 1(1)
F2Words in Art. 27(2) substituted (31.12.2020) by The Market Abuse (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/310), regs. 1(3), 13(7)(a)(ii); 2020 c. 1, Sch. 5 para. 1(1)
F3Words in Art. 27(3) substituted (31.12.2020) by The Market Abuse (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/310), regs. 1(3), 13(7)(b)(i); 2020 c. 1, Sch. 5 para. 1(1)
F4Words in Art. 27(3) substituted (31.12.2020) by The Market Abuse (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/310), regs. 1(3), 13(7)(b)(ii); 2020 c. 1, Sch. 5 para. 1(1)
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