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Regulation (EU) 2015/2365 of the European Parliament and of the CouncilShow full title
Regulation (EU) 2015/2365 of the European Parliament and of the Council of 25 November 2015 on transparency of securities financing transactions and of reuse and amending Regulation (EU) No 648/2012 (Text with EEA relevance)
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Changes over time for: CHAPTER VI
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Regulation (EU) 2015/2365 of the European Parliament and of the Council, CHAPTER VI is up to date with all changes known to be in force on or before 02 May 2026. 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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Changes and effects yet to be applied to Chapter VI:
- Regulation revoked by 2023 c. 29 Sch. 1 Pt. 1
CHAPTER VIU.K.SUPERVISION AND COMPETENT AUTHORITIES
F1Article 16U.K.Designation and powers of competent authorities
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Art. 16 omitted (31.12.2020) by virtue of The Transparency of Securities Financing Transactions and of Reuse (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/542), regs. 1, 19 (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)
F2Article 17U.K.Cooperation between competent authorities
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F2Art. 17 omitted (31.12.2020) by virtue of The Transparency of Securities Financing Transactions and of Reuse (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/542), regs. 1, 19 (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)
Article 18U.K.Professional secrecy
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.The obligation of professional secrecy shall apply to all persons who work or have worked for the entities referred to in Article 12(2) F3..., or for auditors and experts instructed by the [F4FCA]. No confidential information that [F5those persons receive in the course of their duties] shall be divulged to any person or authority, except in summary or aggregate form such that an individual counterparty, trade repository or any other person cannot be identified, without prejudice to national criminal or tax law or to this Regulation.
3.Without prejudice to [F6the law applying in any part of the United Kingdom, [F7where the competent authorities receive]] confidential information pursuant to this Regulation [F8they] may use it only in the performance of [F9their duties and for the exercise of their functions], within the scope of this Regulation or, in the case of other authorities, bodies or natural or legal persons, for the purpose for which such information was provided to them or in the context of administrative or judicial proceedings specifically relating to the exercise of those functions, or both. Where [F10the competent authorities] or another authority, body or person communicating information consents thereto, the authority receiving the information may use it for other non-commercial purposes.
F114.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[F125.Paragraphs 1, 2 and 3 shall not prevent the competent authorities from exchanging or transmitting confidential information in accordance with any provision of the law applying in any part of the United Kingdom.]
Textual Amendments
F3Words in Art. 18(2) omitted (31.12.2020) by virtue of The Transparency of Securities Financing Transactions and of Reuse (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/542), regs. 1, 20(a)(i) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)
F4Word in Art. 18(2) substituted (31.12.2020) by The Transparency of Securities Financing Transactions and of Reuse (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/542), regs. 1, 20(a)(ii) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)
F5Words in Art. 18(2) substituted (31.12.2020) by The Public Record, Disclosure of Information and Co-operation (Financial Services) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/681), regs. 1(3), 12(2)(a); 2020 c. 1, Sch. 5 para. 1(1)
F6Words in Art. 18(3) substituted (31.12.2020) by The Transparency of Securities Financing Transactions and of Reuse (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/542), regs. 1, 20(b)(i) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)
F7Words in Art. 18(3) substituted (31.12.2020) by The Public Record, Disclosure of Information and Co-operation (Financial Services) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/681), regs. 1(3), 12(2)(b)(i); 2020 c. 1, Sch. 5 para. 1(1)
F8Word in Art. 18(3) inserted (31.12.2020) by The Public Record, Disclosure of Information and Co-operation (Financial Services) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/681), regs. 1(3), 12(2)(b)(ii); 2020 c. 1, Sch. 5 para. 1(1)
F9Words in Art. 18(3) substituted (31.12.2020) by The Public Record, Disclosure of Information and Co-operation (Financial Services) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/681), regs. 1(3), 12(2)(b)(iii); 2020 c. 1, Sch. 5 para. 1(1)
F10Words in Art. 18(3) substituted (31.12.2020) by The Public Record, Disclosure of Information and Co-operation (Financial Services) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/681), regs. 1(3), 12(2)(b)(iv); 2020 c. 1, Sch. 5 para. 1(1)
F11Art. 18(4) omitted (31.12.2020) by virtue of The Transparency of Securities Financing Transactions and of Reuse (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/542), regs. 1, 20(c) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)
F12Art. 18(5) substituted (31.12.2020) by The Public Record, Disclosure of Information and Co-operation (Financial Services) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/681), regs. 1(3), 12(2)(c); 2020 c. 1, Sch. 5 para. 1(1)
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