(1) In order to carry out the controls and take the necessary steps provided for in this Part and in Parts 3, 4 and 5 in respect of the agent or branch of an electronic money institution authorised under Regulation 9 located in the territory of another Member State, the Bank shall cooperate with the competent authorities of the host Member State of that agent or branch.
(2) The Bank shall notify the competent authority of the host Member State concerned where the Bank intends to carry out an onsite inspection in that Member State.
(3) The Bank may delegate to the competent authority of the host Member State concerned the task of carrying out on-site inspections of the agent or branch concerned.
(4) The Bank may require an electronic money institution authorised in another Member State having an agent or branch in the State to report to the Bank periodically on the activities carried out in the State.
(5) A report referred to in paragraph (4) shall be required for information or statist
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