(1) The Bank may request the cooperation of the competent authority of another Member State, or vice versa, for the purpose of a supervisory activity or an on-the spot verification or of an investigation on the territory of the latter within the framework of their powers pursuant to these Regulations or the Directive, as the case may be. Where the Bank receives a request with respect to an on-the-spot verification or investigation, it shall -
(a) carry out the verification or investigation itself,
(b) allow the requesting authority to carry out the verification or investigation, or
(c) allow auditors or experts to carry out the verification or investigation.
(a) Where the verification or investigation is carried out in the State by the Bank, the Bank may, upon request from the competent authority which has requested cooperation, permit officials of that competent authority to assist the Bank's officials carrying out the verification or investigation. The verification or investigati
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