Open on EUR-Lex ↗

Article 37 - Cooperation in case of request for on-site inspections or investigations

Comparing 25/03/2012 → 17/09/2014: 1 added, 0 removed, 8 changed Close comparison

1. 2. Where aThe competent authority receivesof aone Member State may request assistance from athe competent authority of another Member State with regard to carry out an on-site inspectioninspections or an investigation, it may:investigations.

1. The competent authority of one Member State may request assistance from the competent authority of another Member State with regard to on-site inspections or investigations. The requesting competent authority shall inform ESMA of any request referred to in the first subparagraph. In case of an investigation or an inspection with cross-border effects, ESMA may and if requested shall coordinate the investigation or inspection.

2.((c)) allowWhere thea competent authority whichreceives submitted thea request from a competent authority of another Member State to carry out thean on-site inspection or investigationan itself;investigation, it may:

(a)((a)) carry out the on-site inspection or investigation itself;

(b)((b)) allow the competent authority which submitted the request to participate in an on-site inspection or investigation;

(c)((d)) appointallow auditorsthe orcompetent expertsauthority which submitted the request to carry out the on-site inspection or investigation;investigation itself;

(d)appoint auditors or experts to carry out the on-site inspection or investigation;

(e)((e)) share specific tasks relating to supervisory activities with the other competent authorities.

3. 3. ESMA may request the competent authorities to carry out specific investigatory tasks and on-site inspections where information is reasonably required by ESMA to enable it to exercise a power expressly conferred on it by this Regulation.

Official text · consolidated version 17/09/2014 (no longer in force) Open full page ↗
13 queries · page built in 37 msInventory f82bbfa3