(1) The Bank, where it is responsible for supervision on a consolidated basis, shall establish colleges of supervisors to facilitate the exercise of the tasks referred to in Regulations 100, 101 and 102(1) and, subject to the confidentiality requirements of paragraph (3) and to European Union law, ensure appropriate coordination and cooperation with relevant third-country supervisory authorities where appropriate.

(1A) The Bank, where it is responsible for supervision on a consolidated basis, shall also establish colleges of supervisors to facilitate the tasks referred to in Regulations 100(1), 102(1) and (2) and 103(1) and (2), where all the cross-border subsidiaries of an EU parent institution, an EU parent financial holding company or an EU parent mixed financial holding company have their head offices in third countries, provided that the third countries' supervisory authorities are subject to confidentiality requirements that are equivalent to the requirements laid down in Section II of Chapter 1 of Title VII of the Capital Requirements Directive and, where applicable, in Articles 76 and 81 of Directive 2014/65/EU.