Article 75 Agreements with third countries

1.   In accordance with Article 218 TFEU, the Commission may submit to the Council proposals for the negotiation of agreements with one or more third countries regarding the means of cooperation between the resolution authorities and the third-country authorities concerned, including the sharing of information in connection with recovery and resolution planning in relation to insurance and reinsurance undertakings, third-country insurance and reinsurance undertakings, and groups.

2.   The agreements referred to in paragraph 1 shall seek to ensure the establishment of processes and arrangements between resolution authorities and the third-country authorities concerned for cooperation in carrying out some or all of the tasks and exercising some or all of the powers referred to in Article 79.

3.   Member States may enter into bilateral agreements with a third country, to the extent that such bilateral agreements are not inconsistent with this Title, regarding the matters referred to in paragraphs 1 and 2 until the entry into force of an agreement as referred to in paragraph 1 with the relevant third country.