(1) The co-ordinator of a financial conglomerate shall -

(a) co-operate as closely as possible with the other competent authorities that are responsible for supervising the regulated entities within the conglomerate, and

(b) provide the other competent authorities responsible for supervising the regulated entities within the conglomerate with any information that is essential for, or relevant to, the performance by those authorities of their supervisory tasks under the relevant Sectoral Rules and the Financial Conglomerates Directive, and

(c) on request, communicate all relevant information to the other competent authorities concerned and, on its own initiative, communicate all essential information to those competent authorities and to the co-ordinator.

(2) In relation to a financial conglomerate of which it is not the co-ordinator, the Bank shall -

(a) co-operate as closely as possible with the co-ordinator of the conglomerate and with the other competent authorities that are responsible for supervising the regulated entities within the conglomerate, and