TITLE V

PRUDENTIAL SUPERVISION
CHAPTER 2

Professional secrecy and exchange of information

Exchange of information between authorities
Article 55
1
Articles 52 and 53 shall not preclude any of the following:
a
the exchange of information between competent authorities in the same Member State in the discharge of their supervisory functions;
b
the exchange of information between competent authorities in different Member States in the discharge of their supervisory functions;
c
the exchange of information, in the discharge of their supervisory functions, between competent authorities and any of the following which are situated in the same Member State:
1. authorities responsible for the supervision of financial sector entities and other financial organisations and the authorities responsible for the supervision of financial markets;
2. authorities or bodies charged with responsibility for maintaining the stability of the financial system in Member States through the use of macro-prudential rules;
3. bodies involved in the winding up of a pension scheme and in other similar procedures;
4. reorganisation bodies or authorities aiming at protecting the stability of the financial system;
5. persons responsible for carrying out statutory audits of the accounts of IORPs, insurance undertakings and other financial institutions;
d
the disclosure, to bodies which administer the winding up of a pension scheme, of information necessary for the performance of their duties.
2
The information received by the authorities, bodies and persons referred to in paragraph 1 shall be subject to the rules on professional secrecy laid down in Article 52.
3
Articles 52 and 53 shall not preclude Member States from authorising exchanges of information between the competent authorities and any of the following:
a
the authorities responsible for overseeing the bodies involved in the winding up of pension schemes and other similar procedures;
b
the authorities responsible for overseeing the persons charged with carrying out statutory audits of the accounts of IORPs, insurance undertakings and other financial institutions;
c
independent actuaries of IORPs carrying out supervision of those IORPs and the bodies responsible for overseeing such actuaries.