2.The competent authorities shall also cooperate closely with the competent authorities responsible for supervision of the undertakings referred to in Article 4(1).
1. TheESMA, EBA, EIOPA, the competent authorities and the sectoral competent authorities shall cooperate where it is necessary for the purposes of this Regulation,Regulation includingand infor casesthose whereof the conductrelevant undersectoral investigation does not constitute an infringement of any legislative or regulatory provision in force in the Member State concerned.legislation.