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Version status: In force | Document consolidation status: Assimilated law updated to reflect all known changes
Version date: 31 December 2020
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Article 48 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 paragraph 2.

2. The obligation of professional secrecy applies to all persons who work or who have worked for the FCA or for any authority or market undertaking or natural or legal person to whom the FCA has delegated its powers, including auditors and experts contracted by the FCA.

3. Information covered by professional secrecy may not be disclosed to any other person or authority except by virtue of provisions laid down by the law of the United Kingdom or any part of the United Kingdom.

4. All information exchanged between the FCA and competent authorities that concerns business or operational conditions and other economic or personal affairs shall be considered confidential and shall be subject to the requirements of professional secrecy, except where the authority from whom the information is received states at the ti

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