For the same reason, and to ensure that Community institutions which are active in several Member States are not disproportionately burdened as a result of the continued responsibilities of individual Member State competent authorities for authorisation and supervision, it is essential significantly to enhance the cooperation between competent authorities. In this context the role of the consolidating supervisor should be strengthened.
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New version applies from 01/01/2014 — introduced by Capital Requirements Directive.
109 provisions change.
Recital 33 is deleted from 01/01/2014.