1. The FCA may conclude cooperation arrangements with supervisory authorities of third countries concerning the exchange of information with supervisory authorities of third countries, the enforcement of obligations arising under this Regulation in third countries and the taking of similar measures in third countries by their supervisory authorities to complement measures taken under Chapter V. These cooperation arrangements shall ensure at least an efficient exchange of information that allows the FCA to carry out its duties under this Regulation.

2. The cooperation arrangement shall contain provisions on the exchange of data and information necessary for the FCA to comply with the obligation set out in Article 16(2).

3. [deleted]

4. The FCA may conclude cooperation arrangements on the exchange of information with the supervisory authorities of third countries only where the information disclosed is subject to guarantees of professional secrecy which are at least equivalent to those set out in Article 34. Such exchange of information shall be intended for the performance of the tasks of the FCA.