08 November 2018

EBA updates Recommendation on the equivalence of third country confidentiality regimes

Following third country authorities has considered as equivalent:

• The ADGM Financial Services Regulation Authority – the Abu Dhabi Global Market;
• The Financial Supervisory Service – the Republic of South Korea;
• The National Bank of Moldova – the Republic of Moldova;
• The Securities and Futures Commission – Hong Kong.

The EBA has assessed confidentiality regimes of third countries with respect to Article 116 (6) CRD. The results were published in a first set of Recommendations in 2015, which were amended in December 2017 and June 2018, to include other third-country authorities that were assessed as equivalent.

As the assessment is an ongoing process, and the EBA has since then completed the assessment of a further set of authorities, the outcomes of these new assessments are reflected in the present amending Recommendations.

Press release

© EBA