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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 21 September 2021 - onwards

Regulation 11 Cooperation between competent authorities

(1) The Bank shall cooperate closely with competent authorities of other Member States for the purposes of its duties under these Regulations and Regulation (EU) 2019/2033, in particular by exchanging information about investment firms without delay, including the following:

(a) information about the management and ownership structure of the investment firm;

(b) information about compliance with own funds requirements by the investment firm;

(c) information about compliance with the concentration risk requirements and liquidity requirements of the investment firm;

(d) information about the administrative and accounting procedures and internal control mechanisms of the investment firm;

(e) any other relevant factors that may influence the risk posed by the investment firm.

(2) Where the State is the home Member State of an investment firm, the Bank shall immediately provide the competent authority of the host Member State with any information and findings about any potential problems and risks posed by the investment firm to the protection of clients or the stability of the financial system in the host Member State which the Bank has identified when supervising the activities of the investment firm.