1. 1. If a recommendation referred to in point (d) of Article 3(2)(d)3(2) is addressed to the Commission, to one or more Member States, to one or more ESAs, or to one or more national supervisory authorities,of the addressees listed in Article 16(2), the addressee shall communicate to the ESRBEuropean Parliament, the Council, the Commission and to the CouncilESRB the actions undertaken in response to the recommendation and shall provide adequate justification forsubstantiate any inaction. Where relevant, the ESRB shall, subject to strict rules of confidentiality, inform the ESAs without delay of the answers received.received without delay.
2. 2. If the ESRB decides that its recommendation has not been followed or that the addressees have failed to provide adequate justification for their inaction, itthe ESRB shall, subject to strict rules of confidentiality, inform the addressees, the CouncilEuropean and, where relevant,Parliament, the EuropeanCouncil Supervisoryand Authoritythe concerned.relevant ESAs thereof.
3. 3. If the ESRB has made a decision under paragraph 2 on a recommendation that has been made public following the procedure set out in Article 18(1), the European Parliament may invite the Chair of the ESRB to present that decision and the addressees may request to participate in an exchange of views.