Requirement (MIFID)
Article 58 Exchange of information
Requirements MIFID - DIRECTIVE 2004/39/EC
Description
Description
1. Competent authorities of Member States having been designated
as contact points for the purposes of this Directive in accordance with
Article 56(1) shall immediately supply one another with the information
required for the purposes of carrying out the duties of the competent
authorities, designated in accordance to Article 48(1), set out in the
provisions adopted pursuant to this Directive.
Competent authorities exchanging information with other competent
authorities under this Directive may indicate at the time of communication
that such information must not be disclosed without their express
agreement, in which case such information may be exchanged solely for
the purposes for which those authorities gave their agreement.
2. The competent authority having been designated as the contact
point may transmit the information received under paragraph 1 and Articles
55 and 63 to the authorities referred to in Article 49. They shall not
transmit it to other bodies or natural or legal persons without the express
agreement of the competent authorities which disclosed it and solely for
the purposes for which those authorities gave their agreement, except in
duly justified circumstances. In this last case, the contact point shall
immediately inform the contact point that sent the information.
Referenced requirement
Article 15 Request for cooperation and exchange of information