1. Member States shall ensure that where a competent authority in one Member State needs to verify information about investment firms, investment holding companies, mixed financial holding companies, financial institutions, ancillary services undertakings, mixed-activity holding companies or subsidiaries that are located in another Member State, including subsidiaries which are insurance companies, and makes a request to that effect, the relevant competent authorities of that other Member State carry out that verification in accordance with paragraph 2.
2. Competent authorities that have received a request pursuant to paragraph 1 shall do any of the following:
(a) carry out the verification themselves within the framework of their competence;
(b) allow the competent authorities who made that request to carry out the verification;
(c) request an auditor or expert to carry out the verification impartially and to report the results promptly.
For the purposes of points (a) and (c), the co
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