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Article 39 - Cooperation on on-site inspections and investigations

Comparing 30/06/2016 → 10/12/2019: 0 added, 0 removed, 6 changed Close comparison

1. 1. A competent authority may request the assistance of another competent authority with regard to on-site inspections or investigations. The competent authority receiving the request shall cooperate to the extent possible and appropriate.

2. 2. A competent authority making a request referred to in paragraph 1 shall inform ESMA thereof. In the event of an investigation or inspection with cross-border effect, the competent authorities may request ESMA to coordinate the on-site inspection or investigation.

3. 3. Where a competent authority receives a request from another competent authority to carry out an on-site inspection or an 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 the on-site inspection or investigation;

(c)((c)) appoint auditors or experts to support or carry out the on-site inspection or investigation.

Official text · consolidated version 10/12/2019 (no longer in force) Open full page ↗
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