In this act Annex I of 3
ANNEX I
Financial servicesLevel 2ITSMiFID IIIn forceOfficial source
Standard agreement for cooperation arrangements in case the operations of a trading venue become of substantial importance in a host Member State For the purpose of establishing proportionate cooperation arrangements between [host competent authority] (the host authority) and [home competent authority] (the home authority) in relation to the operations of [trading venue] (the trading venue) which are of substantial importance for the functioning of securities markets and the protection of investors in [host Member State] (the host Member State), the home and host authorities (the Authorities) have reached the following agreement:
Article 1 — Purpose and general provisions
The purpose of this agreement is to provide a framework for cooperation between [home competent authority] and [host competent authority] regarding the use of their respective powers in relation to the operations of [trading venue] which have become of substantial importance in [host Member State]. This agreement may complement other cooperation arrangements between the Authorities.
Article 2 — Scope of cooperation
- The Authorities have agreed to the following forms of cooperation: [insert the cooperation forms agreed by the Authorities].
- The Authorities have agreed to cooperate in respect of decisions relating to any of the following events where those events are relevant for the trading venue: [select the options below as relevant to the scope of the cooperation]
| alliances, mergers, major acquisitions, opening or closing of the trading venue or of a significant part of the trading venue | |
|---|---|
| the changing, granting, denying or termination of access provisions for central counterparties and the trading venue | |
| changes of ownership amounting to a change of control, corporate structure, corporate governance and other integration or restructuring steps concerning the trading venue | |
| removals or appointments to the managing or supervisory board of the trading venue | |
| significant new trading rules or modification of existing trading rules concerning, in particular, market access for investors from the host Member State or listing of securities from listed companies from the host Member State | |
| significant changes to systems and controls of the trading venue, including IT systems, audit controls and risk management arrangements | |
| significant changes, including by way of outsourcing, to the financial, human or technology resources of the trading venue | |
| exercise of supervisory powers as described in points (e), (f), (h), (k), (l), (m) to (q), (s) and (t) of Article 69(2) of Directive 2014/65/EU of the European Parliament and of the Council, having a significant and material impact on the trading venue or its participants | |
| the imposition of sanctions for infringements referred to in Article 70 of Directive 2014/65/EU having a significant and material impact on the trading venue or its participants | |
| any other event [describe the event] |