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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 15 July 2015 - onwards
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Regulation 146 Confidentiality.

(1) For the purpose of these Regulations and the Bank Recovery and Resolution Directive, the requirements of professional secrecy shall be binding on the following persons:

(a) the resolution authority;

(b) the competent authority;

(c) the Minister;

(d) special managers or temporary administrators appointed under these Regulations or the Bank Recovery and Resolution Directive;

(e) independent valuers appointed under these Regulations or the Bank Recovery and Resolution Directive;

(f) the institution under resolution, or any institution or entity in respect of which the resolution authority plans or intends to take resolution action;

(g) potential acquirers that are contacted by the competent authority or solicited by the resolution authority, irrespective of whether -

(i) that contact or solicitation was made as preparation for the use of the sale of business tool, or

(ii) the solicitation resulted in an acquisition;

(h) auditors, accountants, legal and professional advisors, valuers a

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