Source: OJ L, 2024/2494, 25.9.2024

Current language: SV

Artikel 8 Samarbetsförfaranden


Summary What does Article 8 of the ITS on supervisory cooperation say?

This article deals with the coordination of cross-border investigations or inspections under the broader framework established by Article 95(5) of Regulation (EU) 2023/1114.

It gives ESMA and EBA the ability to form temporary, ad hoc groups made up of the relevant national competent authorities when such cross-border coordination is needed.

It also places an obligation on ESMA and EBA to maintain regular consultation with each other when participating in these groups.

Important points:

  • ESMA and EBA may establish temporary ad hoc groups of competent authorities to coordinate investigations or inspections that have a cross-border effect.
  • The formation of these groups is triggered by a request under Article 95(5) of Regulation (EU) 2023/1114, meaning this article is directly dependent on that provision.
  • ESMA and EBA are required to consult each other regularly when participating in any such temporary group.

Springlex's summary of the article, a reading aid, not a substitute for the legal text.

    1. Om Esma eller EBA i enlighet med artikel 95.5 i förordning (EU) 2023/1114 ombes att samordna en utredning eller inspektion med gränsöverskridande verkan får Esma eller EBA inrätta en tillfällig arbetsgrupp på ad hoc-basis för att inkludera de behöriga myndigheterna i de medlemsstater som berörs av undersökningen eller inspektionen.

    1. När Esma och EBA deltar i sådana tillfälliga arbetsgrupper som avses i punkt 1 ska de regelbundet samråda med varandra.

We're continuously improving our platform to serve you better.

Your feedback matters! Let us know how we can improve.

Found a bug?

Springflod is a Swedish boutique consultancy firm specialising in cyber security within the financial services sector.

We offer professional services concerning information security governance, risk and compliance.

Crafted with ❤️ by Springflod