20 Confidentiality 1 The Exchange, its governing and executive bodies, employees and agents shall be subject to the stock exchange confidentiality regulations laid down in Article 43 SESTA. 2 Notwithstanding provisions to the contrary in law or this Rule Book, the Exchange shall treat as confidential all participant-related information that it receives in connection with the Rule Book. The Exchange publishes such confidential information only with the consent of the participant concerned. 3 The use of data which has had identifying information removed (such as price information and the turnover of securities) that does not permit the drawing of any conclusions on the underlying participant, shall not constitute a breach of the confidentiality obligation. 4 The Exchange may disclose data to SIX Group group companies and third parties, such as clearing and settlement organisations, provided the Exchange ensures that these parties are bound by confidentiality provisions that are comparable to those of this Rule Book. 5 Notwithstanding any imperative provisions in law, the Exchange may pass information on participants to supervisory authorities, the surveillance units of other exchanges and enforcement authorities, and may itself obtain information from such authorities.
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