14.—(1) Article 17 (professional secrecy) is amended as follows.U.K.
(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 ”.
Commencement Information
I1Sch. 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)