TITLE VPRUDENTIAL SUPERVISION

CHAPTER 2 Professional secrecy and exchange of information

Article 56Transmission of information to central banks, monetary authorities, European Supervisory Authorities and the European Systemic Risk Board

1.

Articles 52 and 53 shall not prevent a competent authority from transmitting information to the following entities for the purposes of the exercise of their respective tasks:

(a)

central banks and other bodies with a similar function in their capacity as monetary authorities;

(b)

other public authorities responsible for overseeing payment systems, where appropriate;

(c)

the European Systemic Risk Board, EIOPA, the European Supervisory Authority (European Banking Authority) established by Regulation (EU) No 1093/2010 of the European Parliament and of the Council16 and the European Supervisory Authority (European Securities and Markets Authority) established by Regulation (EU) No 1095/2010 of the European Parliament and of the Council17.

2.

Articles 55 to 58 shall not prevent the authorities or bodies referred to in points (a), (b) and (c) of paragraph 1 of this Article from communicating to the competent authorities such information as the competent authorities may need for the purposes of Article 53.

3.

Information received in accordance with paragraphs 1 and 2 shall be subject to professional secrecy requirements at least equivalent to those as set out in this Directive.