(1) The resolution authority, the competent authority and the Minister may only exchange confidential information, including recovery plans, with a relevant third-country authority where the following conditions are met:
(a) that third-country authority is subject to requirements and standards of professional secrecy considered to be at least equivalent, in the opinion of all the authorities concerned, to those imposed by Article 84 of the Bank Recovery and Resolution Directive;
(b) the information is necessary for the performance by the relevant third-country authority of its resolution powers under national law (including under any enactment or rule of law) which are comparable to those under this Regulation;
(c) subject to paragraph (2) and subparagraph (a), the resolution authority, competent authority or Minister believes on reasonable grounds that the information will not be used for any other purpose.
(2) In so far as the exchange of information relates to personal data, the han
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