(1) This Regulation shall apply -
(a) in respect of cooperation with a third country unless and until an international agreement as referred to in Article 93(1) of the Bank Recovery and Resolution Directive enters into force with the relevant third country, and
(b) following the entry into force of an international agreement provided for in Article 93(1) of the Bank Recovery and Resolution Directive with the relevant third country to the extent that the subject matter of this Regulation is not governed by that agreement.
(2) Where the European Banking Authority has concluded a non-binding framework arrangement with a third-country authority pursuant to Article 97(2) of the Bank Recovery and Resolution Directive, the resolution authority or the competent authority, where appropriate, shall conclude a non-binding cooperation arrangement with that third-country authority in line with the European Banking Authority framework agreement.
(3) This Regulation shall not prevent the State or the
…