Article 31 — Information to competent authorities — compare
Showing 3 of 3Release 10 Nov 2026Details
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- Not covered: national guidance, court decisions.
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- Release 2d86bd12 published 10 Nov 2026, 17:06 CET. Verified against EUR-Lex on 9 Nov 2026.
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- Showing 3 of 3
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- 12 August 2022 · Consolidated version of 12 August 2022 · Verified 9 Nov 2026 · Official source
- To
- 11 November 2026 · Consolidated version of 24 December 2024 · Verified 9 Nov 2026 · Official source
The competent authority shall, promptly and in any event within two working days of receipt of the notification referred to in this paragraph and of the information referred to in paragraph 3 of this Article, acknowledge receipt in writing thereof to the proposed acquirer or vendor and share the information with ESMA and the college referred to in Article 18.
The competent authority shall have a maximum ofWithin 60 working days as fromof the date of the written acknowledgement of receipt of the notification and all documents required to be attached to the notification on the basis of the list referred to in Article 32(4) and unless extended in accordance with this Article, (‘the assessment period’), to the competent authority shall carry out the assessment provided for in Article 32(1) (‘the assessment’). The college referred to in Article 18 shall issue an opinion pursuant to Article 19 and ESMA shall issue an opinion pursuant to Article 24a(7), first subparagraph, point (bc), and in accordance with the procedure under Article 17b during the assessment period.
3.The competent authority mayshall, on its own behalf and where requested by ESMA or the college referred to in Article 18, without undue delay during the assessment period, where necessary, but no later than on the 50th working day of the assessment period, request anysuch further information that is necessary to complete the assessment. Such request shall be made in writing and shall specify the additional information needed.