Article 80
Exchange of confidential information
1. Resolution authorities, competent authorities, competent ministries and, where applicable, other relevant national authorities shall exchange confidential information, including recovery plans, with relevant third-country authorities only if the following conditions are met:
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(a) |
those third-country authorities are subject to requirements and standards of professional secrecy at least considered to be equivalent, in the opinion of all the authorities concerned, to those imposed by Article 73; and |
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(b) |
the information is necessary for the performance by the relevant third-country authorities of their functions under national law that are comparable to those under this Regulation and is not used for any other purposes. |
2. In so far as the exchange of information relates to personal data, the handling and transmission of such personal data to third-country authorities shall be governed by the applicable Union and national data protection law.
3. Where confidential information originates in another Member State, resolution authorities, competent authorities and competent ministries shall not disclose that information to relevant third-country authorities unless the following conditions are met:
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(a) |
the relevant authority of the Member State where the information originated agrees to that disclosure; and |
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(b) |
the information is disclosed only for the purposes permitted by the authority referred to in point (a). |
4. For the purposes of this Article, information is deemed to be confidential if it is subject to confidentiality requirements under Union law.