(1) The Bank is designated as the central competent administrative authority for the purposes of Article 21(1) of the Directive and shall be responsible for carrying out the obligations provided for in the Directive and for ensuring that the provisions adopted pursuant to the Directive are applied.
(1A) The Bank shall cooperate with the European Securities and Markets Authority for the purposes of the Directive, in accordance with Regulation (EU) No. 1095/2010.
(1B) The Bank shall without delay provide the European Securities and Markets Authority with all information necessary to carry out its duties, in accordance with Article 35 of Regulation (EU) No. 1095/2010.
(2) Other than in order to meet its obligations under paragraph (1A) or (1B) above, the Bank shall be independent in the performance of its functions under these Regulations.