(a) In relation to Irish alternative investment fund managers and alternative investment fund managers whose Member State of reference is the State, the Bank shall communicate information to the competent authorities of other Member States where this is relevant for monitoring and responding to the potential implications of the activities of individual such fund managers or such fund managers collectively for the stability of systemically relevant financial institutions and the orderly functioning of markets on which such fund managers are active.
(b) The Bank shall inform ESMA and the ESRB of the information communicated.
(2) Subject to the conditions laid down in Article 35 of Regulation (EU) No. 1095/2010, aggregated information relating to the activities of Irish alternative investment fund managers and alternative investment fund managers whose Member State of reference is the State shall be communicated by the Bank to ESMA and the ESRB.