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Template:Confi disclosure to regulators: Difference between revisions
Template:Confi disclosure to regulators (view source)
Revision as of 14:48, 20 June 2019
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Amwelladmin (talk | contribs) (Created page with "===Disclosure to regulators=== There are three main reasons a regulator might require confidential information from us relating to a client: '''Trade/transaction reporting'''...") |
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Lastly, a confidentiality agreement is designed to respect the client’s legitimate interest in protecting the ''commercial value of non-public information''. It is not meant to be a tool to prevent regulatory disclosure. Generally, we will not be in a position to make demands as to how a regulator treats that information when we disclose it. Since passing information to a regulator should not generally prejudice the commercial value of that information, it is hard to see when client would have a valid reason to seek injunctive relief to prevent disclosure of information to a competent regulator, and our experience is that no client has ever in fact attempted to do so. | Lastly, a confidentiality agreement is designed to respect the client’s legitimate interest in protecting the ''commercial value of non-public information''. It is not meant to be a tool to prevent regulatory disclosure. Generally, we will not be in a position to make demands as to how a regulator treats that information when we disclose it. Since passing information to a regulator should not generally prejudice the commercial value of that information, it is hard to see when client would have a valid reason to seek injunctive relief to prevent disclosure of information to a competent regulator, and our experience is that no client has ever in fact attempted to do so. | ||
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