1. Without prejudice to the Authority’s power pursuant to Article 21(3), point (a), to receive directly, or have direct access to, information reported on an ongoing basis by selected obliged entities, financial supervisors shall provide the Authority with all information necessary for carrying out the tasks conferred on the Authority in accordance with this Regulation and other applicable Union law.
2. Where appropriate, financial supervisors shall assist the Authority with the preparation and implementation of any acts relating to the tasks referred to in Article 5(2), point (b), as regards all selected obliged entities, including assistance in verification activities. They shall follow the instructions given by the Authority when performing those tasks.
3. The Authority shall develop implementing technical standards specifying:
(a) the conditions under which financial supervisors are to assist the Authority pursuant to paragraph 2;
(b) the process of periodic assessment referred t
…