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Implementing Regulation (EU) 2017/980 · binding · OJ L 148, 10.6.2017 · dated 7 Jun 2017 [in force]","attribution":{"prepared_by":"European Commission","published_by":"Publications Office of the EU","published_in":"Official Journal of the European Union","document_type":"implementing_regulation","legal_nature":"binding_adopted","addressees":"not stated in the document","dates":{"document_date":"2017-06-07","entry_into_force":"2017-06-30","locators":{"document_date":"CELLAR 32017R0980 work_date_document","entry_into_force":"CELLAR 32017R0980 resource_legal_date_entry-into-force (earliest)"}},"adoption":null},"context":{"act":{"work_id":"spaces/mifid-ii/level-2/its/2017-980-standard-forms-templates-and-procedures-for-cooperation-in","path":"/mifid-ii/level-2/its/2017-980-standard-forms-templates-and-procedures-for-cooperation-in","name":"Commission Implementing Regulation (EU) 2017/980","number":"2017/980","celex":"32017R0980","title_official":"COMMISSION IMPLEMENTING REGULATION (EU) 2017/980 of 7 June 2017 laying down implementing technical standards with regard to standard forms, templates and procedures for cooperation in supervisory activities, for on-site verifications, and investigations and exchange of information between competent authorities in accordance with Directive 2014/65/EU of the European Parliament and of the Council (Text with EEA relevance)","document_date":"2017-06-07"},"position":{"kind":"article","key":"5","index":5,"articles":10,"annexes":4},"prev":{"path":"/mifid-ii/level-2/its/2017-980-standard-forms-templates-and-procedures-for-cooperation-in/articles/4","key":"4","title":"Article 4 — Reply to a request for cooperation or exchange of information"},"next":{"path":"/mifid-ii/level-2/its/2017-980-standard-forms-templates-and-procedures-for-cooperation-in/articles/6","key":"6","title":"Article 6 — Procedure for requests for taking a statement from a person"},"act_anchor":"#art-5"}},"provenance":{"official_url":"https://eur-lex.europa.eu/eli/reg_impl/2017/980/oj/eng","check":{"result":"matched","checked_at":"2026-10-26","against":"EUR-Lex"},"repo_path":"spaces/mifid-ii/level-2/its/2017-980-standard-forms-templates-and-procedures-for-cooperation-in.md","unit_text_sha256":"1b9102bf483d8c7a33f042f5f32f76d50a51bf648df031f6f3423d32923a06ec","note":"the unit is a byte-exact part of the act page, whose check record covers it"},"unit":{"locator":"spaces/mifid-ii/level-2/its/2017-980-standard-forms-templates-and-procedures-for-cooperation-in/art-5","kind":"article","key":"5","heading":"Article 5 — Procedures for sending and processing a request for cooperation or exchange of information","text":"## <a id=\"art-5\"></a>Article 5 — Procedures for sending and processing a request for cooperation or exchange of information\n\n1. <a id=\"art-5-p-1\"></a>The requesting authority and the requested authority shall communicate in relation to the request for cooperation or exchange of information either in paper form or electronically, depending on which of the two is the most expeditious, and taking due account of confidentiality considerations, correspondence times, the volume of material to be communicated and the ease of access to the information by the requesting authority. In particular, the requesting authority shall respond promptly to any clarifications asked by the requested authority.\n1. <a id=\"art-5-p-2\"></a>The requested authority shall notify the requesting authority where it anticipates a delay of more than 5 working days beyond the estimated date of response specified in the acknowledgement of receipt.\n1. <a id=\"art-5-p-3\"></a>Where the request has been qualified by the requesting authority as urgent, the requested authority and the requesting authority shall agree on the frequency with which the requested authority will update the requesting authority on its handling of the request and on the date when it expects to provide a response.\n1. <a id=\"art-5-p-4\"></a>The requested authority and the requesting authority shall cooperate to resolve any difficulties that may arise in executing a request.\n\n","marks":[],"text_hash":"1b9102bf483d8c7a33f042f5f32f76d50a51bf648df031f6f3423d32923a06ec","revision":1}}