Cooperation structure

The coordinator should decide, based on the results of the mapping exercise, whether, in order to fulfil its tasks and to achieve the necessary degree of cooperation between competent authorities, it is necessary to add a specific item to the agenda of its sectoral college established pursuant to Article 116 of Directive 2013/36/EU or Article 248(2) of Directive 2009/138/EC, or to establish other procedural arrangements such as separate meetings dedicated to the supplementary supervision of financial conglomerates, or other forms of regular communication between the relevant competent authorities. The coordinator should invite the ESAs to the relevant meetings and involve the ESAs in the other forms of regular communication between the relevant competent authorities.

The number of participants in meetings or activities related to supplementary supervision should be adequate for the objectives pursued. The coordinator should ensure that the other competent authorities are fully informed about the activities and the outcomes of the sectoral college in a timely manner.