Amendment of the Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 20013

1

The Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 200114 are amended as follows.

2

In regulation 2 in the appropriate place insert—

  • “short selling regulation information” means confidential information received by the Authority in the course of discharging its functions as a competent authority under the short selling regulation;

3

In regulation 12 after paragraph (3) insert—

4

This regulation does not permit disclosure of short selling regulation information to a person specified in the first column in Part 3 of Schedule 1 unless the disclosure is in accordance with article 40 of the short selling regulation or a cooperation arrangement of the kind referred to in article 38 of the short selling regulation.