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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 29 May 2003 - onwards
  Version 4 of 4    

Regulation 97 Restriction on use of information received from other Member States.

Revoked from 29 May 2003

Without prejudice to the institution of, or otherwise for the purposes of, any criminal proceedings, whether under these Regulations or otherwise, where the Bank receives confidential information under Regulation 95 or 96(1) it may use it only in the course of its duties -

(a) to check that the conditions governing the taking-up of the business of UCITS, management companies or trustees are met and to facilitate the monitoring of the conduct of that business, administrative and accounting procedures and internal control mechanisms,

(b) to impose sanctions,

(c) in administative appeals against decisions by the Bank, or

(d) in court proceedings initiated under Regulation 101 or 105.

Comparing proposed amendment...