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Text as of 27 Jul 2012 · Original act (Official Journal of 27 July 2012) · Same wording as today’s text.Today’s text

Article 23 — Cooperation between authorities

Financial servicesLevel 1RegulationEMIRStage: AdoptedVerifiedOfficial source

23(1)

1.Competent authorities shall cooperate closely with each other, with ESMA and, if necessary, with the ESCB.

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23(2)

2.Competent authorities shall, in the exercise of their general duties, duly consider the potential impact of their decisions on the stability of the financial system in all other Member States concerned, in particular the emergency situations referred to in Article 24, based on the available information at the time.

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