1.The Commission may submit proposals to the Council, either at the request of a Member State or on its own initiative, for the negotiation of agreements with one or more third countries regarding the means of exercising supervision on a consolidated basis over the following:
(a)credit institutions the parent undertakings of which have their head offices in a third country; or
(b)credit institutions situatedestablished in third countriescountries, the parent undertakings of which, whether credit institutionsinstitutions, financial holding companies or mixed financial holding companies, have their head officesoffice in the Community.Union.
2.The agreements referred to in paragraph 1 shall, in particular, seek to ensure the following:
(a)that the competent authorities of the Member States are able to obtain the information necessary for the supervision,supervision on the basis of theirthe consolidated financial situations,situations of credit institutionsinstitutions, financial holding companies or mixed financial holding companies situated in the Community andUnion which have as subsidiaries credit institutions or financial institutions situatedestablished outsidein thea Community,third country, or holdinghold participation in such institutions; and
(b)that the competent authorities of third countries are able to obtain the information necessary for the supervision of parent undertakings the head offices of which are situated within their territories and which have as subsidiaries credit institutions or financial institutions situated in one or more Member States or holding participation in such institutions; and
(c)that EBA is able to obtain the information from the competent authorities of the Member States received from national authorities of third countries in accordance with Article 35 of Regulation (EU) No 1093/2010.
3.Without prejudice to Article 300(1) and (2) of the Treaty, the Commission shall, with the assistance of the European Banking Committee, examine the outcome of the negotiations referred to in paragraph 1 and the resulting situation.
4.EBA shall assist the Commission for the purposes of this Article in accordance with Article 33 of Regulation (EU) No 1093/2010.