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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 13 January 2018 - onwards
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Regulation 53 Bank to cooperate with competent authorities of other Member States in certain cases

(1) In carrying out its assessment of a proposed acquisition, the Bank may work in full consultation with the relevant competent authorities of other Member States if the proposed acquirer concerned is -

(a) an insurance undertaking, reinsurance undertaking, electronic money institution, credit institution, investment firm or UCITS management company, or the market operator of a regulated market, authorised by a competent authority of another Member State,

(b) the parent undertaking of such an undertaking, institution, firm, company or market operator, or

(c) a person that controls such an undertaking, institution, firm, company or market operator.

(2) In a case to which paragraph (1) applies, the Bank shall, without undue delay, provide any other competent authority concerned with any information that is essential or relevant for the assessment of a proposed acquisition.

(3) The Bank shall communicate to each other competent authority referred to in paragraph (2) all relevant informat

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