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Article 40 - Competent authorities

Comparing 13/02/2021 → 01/01/2022: 3 added, 0 removed, 3 changed Close comparison

1.For the purposes of this Regulation, ESMA shall be the competent authority for:

(a)administrators of critical benchmarks as referred to in points (a) and (c) of Article 20(1);

(b)administrators of the benchmarks referred to in Article 32.

2.1. For administrators and supervised entities, eachEach Member State shall designate the relevant competent authority responsible for carrying out the duties under this Regulation and shall inform the Commission and ESMA thereof.

3.2. Where aA Member State that designates more than one competent authority,authority itin accordance with paragraph 2 shall clearly determine theirthe respective roles of those competent authorities and shall designate a single authority to be responsible for coordinating the cooperation and the exchange of information with the Commission, ESMA and other Member States'States’ competent authorities.

4.3. ESMA shall publish on its website a list of the competent authorities designated in accordance with paragraphs 12 and 2.3.

Official text · consolidated version 01/01/2022 (no longer in force) Open full page ↗
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