(1) The Bank may, subject to the prior notification to the European Securities and Markets Authority and with the consent of the competent authority, transfer the function of approving a prospectus to the competent authority of another Member State.
(2) Any transfer under paragraph (1) shall be notified to the applicant within 3 working days after the date on which the decision by the Bank to make the transfer is made.
(3) Article 28(4) of Regulation (EU) No. 1095/2010 shall not apply to the transfer of the approval of the prospectus in accordance with this Regulation.