1. Where Member States decide, pursuant to Article 29(3), to allow self-regulatory bodies to perform supervision of the entities referred to in Article 3, points (3)(a), (b) and (d), of Regulation [please insert reference - proposal for Anti-Money Laundering Regulation - COM/2021/420 final], they shall ensure that the activities of such self-regulatory bodies in the performance of such functions are subject to oversight by a public authority.
2. The authority overseeing self-regulatory bodies shall be responsible for:
(a) verifying that any self-regulatory body performing the functions or aspiring to perform the functions referred to in Article 29(1) satisfies the requirements of paragraph 3 of that Article;
(b) issuing guidance as regards the performance of the functions referred to in Article 29(1);
(c) ensuring that self-regulatory bodies perform their functions under Section 1 of this Chapter to the highest standards;
(d) reviewing the exemptions granted by self-regulatory bodies f
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