Confidentiality of Stock and Queue information. Information concerning stocks and Queues at Warehouses shall be treated as confidential by the Exchange save that the Exchange may publish such information concerning LME stocks and Queues at Warehouses as it considers necessary, acting reasonably, for the purposes of market transparency. In addition the Exchange may publish such information for regulatory purposes and may make such disclosure as is required by Relevant Law and Regulation or that is requested by any regulatory authority or other person to whom the Exchange is required to disclose it by Relevant Law and Regulation. In addition, the Exchange may publish such information together with that of other Warehouses without identifying the Warehouse by name and also make reference to such information, identifying the Warehouse, in any notice of a decision given under the Disciplinary Procedures in the event of a breach of this Agreement. Warehouses are prohibited from (i) disclosing information concerning Queues at such Warehouses or (ii) revealing their stock of Underlying Metal under Warrant to any person, except that this prohibition shall not apply to: (i) information supplied to the Warehouse’s London Agent where the disclosure is reasonable and necessary to enable the recipient to perform the proper functions of his employment, profession or duties; (ii) information disclosed pursuant to any Relevant Law and Regulation; (iii) information disclosed to the Warehouse’s professional advisers and to its usual bankers where the disclosure is reasonable and necessary to enable the recipient to perform the proper functions of his employment, profession or duties; (iv) historical information on aggregate stocks held by the Warehouse without differentiation between stocks held under Warrants and other stocks which is required to be disclosed to the shareholders of the Warehouse; (v) historical information on aggregate stocks held by the Warehouse without differentiation between stocks held under Warrants and other stocks which is required to be disclosed to a parent company of the Warehouse for the purpose of that parent company preparing its budgets and financial forecasts for the Group; (vi) information which has already been published by the LME pursuant to Clause 6.3.3; or (vii) information about the length of Queues where such information is provided to an owner of Underlying Metal that: (I) is contemplating or effecting the scheduling of load-out of Underlying Metal at the Warehouse; and (II) requires information regarding the waiting time for such scheduling, provided that the Warehouse: (A) may only disclose information pursuant to this Clause 6.3.3
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