Communication with the financial conglomerate

The coordinator should be responsible for communication with the parent undertaking at the head of the group or, in the absence of a parent undertaking, with the regulated entity with the largest balance sheet total in the largest financial sector in the group. Competent authorities should inform the coordinator before communicating directly with that parent undertaking or regulated entity. Should exceptional circumstances not permit prior notice, competent authorities should inform the coordinator without undue delay of the nature and outcome of the communication.