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Version status: Inserted | Document consolidation status: Updated to reflect all known changes
Version date: 9 July 2024 - onwards
Version 2 of 2

Article 27c Cooperation between competent authorities

1. The competent authority shall consult the authorities entrusted with the public duty of supervising other financial sector entities concerned when carrying out the assessment provided for in Article 27b(1) where the proposed acquisition concerns one of the following:

(a) a credit institution, an insurance undertaking, a reinsurance undertaking, an investment firm or an asset management company, authorised in another Member State or in a sector other than that of the proposed acquirer;

(b) a parent undertaking of a credit institution, of an insurance undertaking, of a reinsurance undertaking, of an investment firm or of an asset management company, authorised in another Member State or in a sector other than that of the proposed acquirer;

(c) a legal person controlling a credit institution, an insurance undertaking, a reinsurance undertaking, an investment firm or an asset management company, authorised in another Member State or in a sector other than that in which the acquisition is proposed.