Source: AMLA final report draft
- Anti-money laundering
AMLAR supplemental acts
- ITS on cooperation for the purposes of direct supervision
Article 12 Continuity of existing cooperation agreements
This is a draft act
This text has been parsed from the AMLA final report draft as published on 21 July 2026. While we run a suite of validations, the automated parsing can result in errors. Also, before it is finally adopted by the Commission, its wording, numbering and references may change, and entire articles might be removed or added.
Earlier drafts: AMLA consultation paper draft (16 December 2025)
Summary What does Article 12 of the ITS on cooperation for the purposes of direct supervision say?
This article addresses the continuity of cooperation agreements during the transition of supervisory competence from financial supervisors to the Authority.
It connects directly to the broader framework around changes in competence established in earlier articles, ensuring that the handover of supervisory tasks does not create a vacuum in existing external relationships.
The core logic is one of continuity and gradual replacement: existing agreements survive the transfer but yield to any new agreements the Authority puts in place.
Important points:
- Existing cooperation agreements entered into by financial supervisors remain in force after the transfer of competence, but only to the extent they are compatible with Regulation (EU) 2024/1620 and have not been replaced by agreements concluded by the Authority.
- The Authority may join existing cooperation agreements or establish new ones with third parties for the tasks transferred to it.
- Financial supervisors are required to assist the Authority where necessary for the execution of existing cooperation agreements.
Springlex's summary of the article is a reading aid, not a substitute for the legal text.
All existing cooperation agreements with other authorities entered into by a financial supervisor prior to the change in competence, that cover at least in part tasks transferred to the Authority, shall continue to apply to the extent compatible with Regulation (EU) 2024/1620. The Authority may participate in existing cooperation agreements in accordance with their procedures or enter into new cooperation agreements with third parties for the tasks transferred to it by Regulation (EU) 2024/1620. A financial supervisor shall continue to apply existing cooperation agreements only insofar as they are not replaced by cooperation agreements concluded by the Authority. Where necessary for the execution of existing cooperation agreements, a financial supervisor shall assist the Authority.
Springlex and this text is meant purely as a documentation tool and has no legal effect. No liability is assumed for its content. The authentic version of this act is the one published in the Official Journal of the European Union.
Definition
supervisor