1.The obligation of professional secrecy shall apply to ESMA, the competent authorities, and all persons who work or who have worked for CESR,ESMA, for the competent authorityauthorities or for any authority orother person to whom the competent authorityESMA has delegated tasks, including auditors and experts contracted by the competent authority.ESMA. Information covered by professional secrecy shall not be disclosed to another person or authority except where such disclosure is necessary for legal proceedings.
2.All the information that, under this Regulation, is acquired by, or exchanged betweenbetween, CESR andESMA, the competent authoritiesauthorities, andthe betweensectoral competent authorities underor thisother Regulationauthorities and bodies referred to in Article 27(2), shall be considered confidential, except where CESRESMA or the competent authority or other authority or body concerned states at the time of communication that such information may be disclosed or where such disclosure is necessary for legal proceedings.