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1. Without prejudice to the Authority’s power pursuant to Article 21(3), point (a), to receive directly, or have direct access to, information reported on an ongoing basis by selected obliged entities, financial supervisors shall provide the Authority with all information necessary for carrying out the tasks conferred on the Authority in accordance with this Regulation and other applicable Union law.

2. Where appropriate, financial supervisors shall assist the Authority with the preparation and implementation of any acts relating to the tasks referred to in Article 5(2), point (b), as regards all selected obliged entities, including assistance in verification activities. They shall follow the instructions given by the Authority when performing those tasks.

3. The Authority shall develop implementing technical standards specifying:

(a) the conditions under which financial supervisors are to assist the Authority pursuant to paragraph 2;

(b) the process of periodic assessment referred to in Article 12(1), including the roles of the supervisory authorities and the Authority in assessing the risk profile of credit institutions and financial institutions referred to in that paragraph;

(c) the working arrangements for the transfer of supervisory tasks and powers to the Authority or from the Authority to national level following a selection process, including arrangements on the continuity of pending supervisory procedures or investigations;

(d) the procedures for the preparation and adoption of decisions on the selection of obliged entities;

(e) the detailed rules and arrangements for the composition and functioning of the joint supervisory teams referred to in Article 16(1) and (2). The Authority shall submit those draft implementing technical standards to the Commission by 1 January 2026. The Commission is empowered to adopt the implementing technical standards referred to in the first subparagraph in accordance with Article 53.