(1) Where the Bank is the group supervisor in accordance with Regulation 42, it may, if appropriate, establish a college of supervisors to facilitate the exercise of the tasks referred to in this Regulation and to ensure coordination and cooperation with relevant third-country supervisory authorities, in particular where this is needed for the purpose of applying point (c) of the first subparagraph of Article 23(1) and Article 23(2) of Regulation (EU) 2019/2033 to exchange and update relevant information on the margin model with the supervisory authorities of the qualifying central counterparties.

(2) Where the Bank establishes a college of supervisors, the college of supervisors shall establish a framework for the Bank (in its role as group supervisor), EBA and the other competent authorities concerned for the purposes of carrying out the following tasks:

(a) the tasks referred to in Regulation 43;

(b) the coordination of information requests where this is necessary for facilitating supervision on a consolidated basis, in accordance with Article 7 of Regulation (EU) 2019/2033;