31. A competent authority that identifies an emergency situation affecting regulated entities in a …

A competent authority that identifies an emergency situation affecting regulated entities in a financial conglomerate should alert the coordinator and the other competent authorities whose supervised entities might be affected by that situation. Competent authorities should cooperate closely whenever necessary and actively exchange relevant information. The coordinator should ensure that, where appropriate, the ESAs are informed of any relevant developments in accordance with Article 18(1) of the ESAs Regulations.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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