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Version date: 22 July 2013 - onwards
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Article 116 Exchange of information on the potential systemic consequences of AIFM activity

(Article 53(1) of Directive 2011/61/EU)

For the purposes of Article 53 of Directive 2011/61/EU, the competent authorities of the Member States responsible for the authorisation or supervision of AIFMs under that Directive shall exchange with the competent authorities of other Member States, and with ESMA and the ESRB at least:

(a) the information received pursuant to Article 110, whenever such information may be relevant for monitoring and responding to the potential implications of the activities of individual AIFMs or several AIFMs collectively for the stability of systemically relevant financial institutions and the orderly functioning of markets on which the AIFMs are active;

(b) the information received from third country authorities whenever this is necessary for the monitoring of systemic risks;

(c) the analysis of the information referred to in points (a) and (b) and the assessment of any situation in which the activities of one or more supervised AIFMs or of one or more AIFs u

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