1.   When providing the information referred to in Article 3, credit institutions shallidentify information that is to be considered confidential pursuant to applicable Union law on data confidentiality or on banking secrecy, or pursuant to own internal rules or market practices and ensure adequate protection of such information in accordance with the applicable Union law on data confidentiality or banking secrecy.

2.   Before providing the information referred to in Article 3, credit institutions and prospective buyers:

(a)	shall enter into confidentiality agreements drafted in conformity with applicable Union law;

(b)	shall share personal data only insofar as necessary before entering into a contract for the transfer or sale of non-performing credit agreements.

3.   Credit institutions shall use secure channels including virtual data rooms or similar electronic means to provide the information referred to in Article 3.