+Article 47 3.

Article 47 3.

All information exchanged under this Directive between, the competent authorities, the ESAs and the ESRB shall be considered confidential, except where:

(a) 

ESMA or the competent authority or another authority or body concerned states at the time of communication that such information may be disclosed;

(b) 

disclosure is necessary for legal proceedings; or

(c) 

the information disclosed is used in a summary or in an aggregate form in which individual financial market participants cannot be identified.

Paragraph 2, and the first subparagraph of this paragraph, shall not preclude the exchange of information between competent authorities and tax authorities that are located in the same Member State. Where the information originates in another Member State, it shall only be disclosed in accordance with the first sentence of this subparagraph with the express agreement of the competent authorities which have disclosed it.

1. Ħarsa ġenerali

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1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

Rekwiżiti

3. Standards relatati

Standards