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The Financial Conglomerates and Other Financial Groups Regulations 2004, PART 4 is up to date with all changes known to be in force on or before 01 June 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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11. In regulation 2 of the Financial Services and Markets Act 2000 (Disclosure of Confidential Information) Regulations 2001 M1 (interpretation)—
(a)after the definition of “Authority worker”, insert—
““conglomerates directive” means Directive 2002/87/EC of the European Parliament and of the Council of 16th December 2002 on the supplementary supervision of credit institutions, insurance undertakings and investment firms in a financial conglomerate and amending Council Directives 73/239/EEC, 79/267/EEC, 92/49/EEC, 92/96/EEC, 93/6/EEC, 93/22/EEC, and Directives 98/78/EC and 2000/12/EC of the European Parliament and of the Council M2;”;
(b)in the definition of “single market directive information”, after “single market directives”, insert “ or the conglomerates directive ”.
Marginal Citations
M1S.I. 2001/2188; regulation 2 was amended by S.I. 2001/3624, S.I. 2003/693, S.I. 2003/1473 and S.I. 2003/2066.
M2OJ No. L35 11.2.2003, p.1; applied to the EEA by Joint Committee Decision 104/2004 of 9th July 2004 (not yet published in the Official Journal of the European Communities).
12.—(1) Paragraph (2) applies if [F1a regulator] is the co-ordinator in relation to any financial conglomerate.
(2) If [F2a 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 [F3that regulator].
(3) In this regulation, “disclosed information” means information which a regulated entity in a financial conglomerate has disclosed to its competent authority.
Textual Amendments
F1Words in reg. 12(1) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 95(11)(a) (with Sch. 2 para. 96)
F2Words in reg. 12(2) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 95(11)(a) (with Sch. 2 para. 96)
F3Words in reg. 12(2) substituted (1.4.2013) by The Financial Services Act 2012 (Consequential Amendments and Transitional Provisions) Order 2013 (S.I. 2013/472), Sch. 2 para. 95(11)(b) (with Sch. 2 para. 96)
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