Recital 4

(4)This Regulation respects the fundamental rights and observes the principles recognised by the Charter of Fundamental Rights of the European Union, and notably the right to protection of personal data. The processing of personal data for the purposes of this Regulation should be carried out in accordance with Union law on the protection of personal data. In that regard, any processing of personal data by ESMA in application of this Regulation should be carried out in accordance with Regulation (EU) 2018/1725 of the European Parliament and of the Council ² . Any processing of personal data by external reviewers within application of this Regulation should be carried out in accordance with Regulation (EU) 2016/679 of the European Parliament and of the Council ³ and national requirements on the protection of natural persons with regard to the processing of personal data.