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Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories Text with EEA relevance article 23 CELEX: 02012R0648-20250117 Cooperation between authorities
1. Competent authorities shall cooperate closely with each other, with ESMA and, if necessary, with the ESCB. 2. Competent authorities shall, in the exercise of their general duties, duly consider the potential impact of their decisions on the stability of the financial system in all other Member States concerned, in particular the emergency situations referred to in Article 24, based on the available information at the time. |