1. The competent authority shall grant an authorisation if the information and evidence accompanying the application complies with of the requirements laid down in Article 11(1) and (2). Before granting an authorisation, the competent authority may, where relevant, consult other relevant public authorities.
2. The competent authority shall authorise a third country financial information service provider provided that all the following conditions are met:
(a) the third country financial information service provider has complied with all conditions laid down in Article 12 and 16;
(b) the third country financial information service provider has designated a legal representative pursuant to Article 13;
(c) where the third country financial information service provider is subject to supervision, the competent authority shall seek to put in place an appropriate cooperation arrangement with the relevant competent authority of the third country where the financial information service provider
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