(1) Paragraph (2) applies if a regulator is the co-ordinator in relation to any financial conglomerate.

(2) If a regulator requires any disclosed information in connection with its functions as the co-ordinator, it must so far as possible obtain that information by requesting the competent authority which holds that information to disclose it to that regulator.

(3) In this regulation, "disclosed information" means information which a regulated entity in a financial conglomerate has disclosed to its competent authority.