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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 10 June 2009 - onwards
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Regulation 40E Bank to cooperate with competent authorities of other Member States in certain cases.

(1) In carrying out its assessment of a proposed acquisition, the Bank shall work in full consultation with the relevant competent authorities of other Member States if the proposed acquirer concerned is -

(a) an insurance undertaking, reinsurance undertaking, credit institution, investment firm or UCITS management company, or the market operator of a regulated market, authorised by a competent authority of another Member State,

(b) the parent undertaking of such an undertaking, institution, investment firm, company or market operator, or

(c) a person that controls such an undertaking, institution, investment firm, company or market operator.

it may apply to the Court for an order under sub-article (2) of this Article.

(2) In paragraph (1)(a) 'UCITS management company' and 'market operator of a regulated market' respectively have the same meanings as in the European Communities (Markets in Financial Instruments) Regulations 2007 (S.I. No. 60 of 2007).

(3) In a case to which paragraph (

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