PART 4Amendment of retained direct EU legislation
Amendment of Regulation 537/201499
In Article 25 (cooperation with other competent authorities at national level)—
a
in the first subparagraph—
i
for “Competent authorities designated pursuant to Article 20(1)” substitute “The competent authority”;
ii
for “any authority” substitute “any body”;
iii
for “such a” substitute “the”;
iv
omit “at national level”;
v
for point (a), substitute—
a
the body designated by the Secretary of State under section 1252 of the Companies Act 2006;
vi
for point (b), substitute—
b
the Financial Conduct Authority129;
vii
for point (c), substitute—
c
the body appointed to exercise the functions mentioned at section 14(2) of the Companies (Audit, Investigations and Community Enterprise) Act 2004;
d
the person authorised for the purposes of section 456 of the Companies Act 2006; or
e
the National Crime Agency and the supervisory authorities referred to in regulation 7 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
b
in the second subparagraph—
i
for “obligation of professional secrecy” substitute “restrictions on disclosure”;
ii
for “Article 22 of this Regulation shall” substitute “section 1224A of the Companies Act 2006”.