{"release":{"id":"c89ff15ec1240a456b40735def079beeda55a0c372be7f3da154287997367ecf","published":"2026-11-02T04:02:35Z","pinned":false},"limits":{"coverage":{"history":"from:2022-01-01","held_since":"2022-01-01","gaps":[],"covered":["MiFIR L1"],"not_covered":["national guidance","court decisions"]},"freshness":{"release_id":"c89ff15ec1240a456b40735def079beeda55a0c372be7f3da154287997367ecf","release_published":"2026-11-02T04:02:35Z","checked_at":"2026-10-26","checked_against":"EUR-Lex"},"truncation":null,"failures":[],"incomplete":[]},"page":{"path":"/mifir/articles/43","url":"https://www.headlesslaw.com/mifir/articles/43","title":"Article 43 — Coordination by ESMA and EBA","family":"l1_generated","work_id":"mifir","status":"in_force","force_status":"in_force","date_state":"current","requested_date":null,"as_of":"2026-11-02","applies_from":null,"application":null,"version_label":"Consolidated version of 23 November 2025","check":{"against":"EUR-Lex","on":"2026-10-26"},"check_result":"matched","official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014R0600-20251123","valid_from":"2022-01-01","valid_until":null,"revision":1,"content_id":"2690b32590fde04f","change_date":null,"nearest_versions":["2022-01-01"],"first_text_date":"2014-05-15","correction_applies":false,"versions":["2022-01-01"],"version_url":"https://www.headlesslaw.com/mifir/articles/43/versions/2022-01-01","revision_url":"https://www.headlesslaw.com/mifir/articles/43/versions/2022-01-01/rev/2690b32590fde04f","versions_url":"https://www.headlesslaw.com/mifir/articles/43/versions","relations_url":"https://www.headlesslaw.com/mifir/articles/43/relations","source_line":null,"attribution":null},"provenance":{"official_url":"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014R0600-20251123","check":{"result":"matched","checked_at":"2026-10-26","against":"EUR-Lex"},"repo_path":"spaces/mifir/articles/43.md","body_sha256":"58932e6890343eaccff6afbd1ed241dc89e0f467c222c8299cad26950f299222"},"units":[{"locator":"mifir/art/43","kind":"article","status":"in_force","label":null,"heading":"Coordination by ESMA and EBA","text":"","marks":[],"revision":1,"text_hash":"e3b0c44298fc1c149afbf4c8996fb92427ae41e4649b934ca495991b7852b855","reason":null},{"locator":"mifir/art/43/para/1","kind":"paragraph","status":"in_force","label":"1.","heading":null,"text":"ESMA or, for structured deposits, EBA shall perform a facilitation and coordination role in relation to action taken by competent authorities under Article 42. In particular ESMA or, for structured deposits, EBA shall ensure that action taken by a competent authority is justified and proportionate and that where appropriate a consistent approach is taken by competent authorities.","marks":[],"revision":1,"text_hash":"b2cb1f329d839cd7d407c4dc1b441da545a4fb4a041efee5404648d9a8b56104","reason":null},{"locator":"mifir/art/43/para/2","kind":"paragraph","status":"in_force","label":"2.","heading":null,"text":"After receiving notification under Article 42 of any action that is to be imposed under that Article, ESMA or, for structured deposits, EBA shall adopt an opinion on whether the prohibition or restriction is justified and proportionate. If ESMA or, for structured deposits, EBA considers that the taking of a measure by other competent authorities is necessary to address the risk, it shall state this in its opinion. The opinion shall be published on ESMA’s or, for structured deposits, EBA website.","marks":[],"revision":1,"text_hash":"b722a8afba7ad37fe22ee31eca85f55d7ceb1d413fbabd59ee785cb083d4e686","reason":null},{"locator":"mifir/art/43/para/3","kind":"paragraph","status":"in_force","label":"3.","heading":null,"text":"Where a competent authority proposes to take, or takes, action contrary to an opinion adopted by ESMA or EBA under paragraph 2 or declines to take action contrary to such an opinion, it shall immediately publish on its website a notice fully explaining its reasons for so doing.","marks":[],"revision":1,"text_hash":"3cb36f0d6bc49af888efd42a65c733c83c481f3145659e1df10349f6bde65b1e","reason":null}],"markdown":"---\ntitle: \"Article 43 — Coordination by ESMA and EBA\"\ntype: regulation\nlegal_status: in_force\nsource: \"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014R0600-20251123\"\nsource_retrieved: 2026-09-30\nshortTitle: \"Article 43 — Coordination by ESMA and EBA\"\ninstrument_type: level1_regulation\nauthority: Commission\nbinding: true\nbinding_character: binding\nmica_level2: false\nlegal_basis: \"Regulation (EU) No 600/2014\"\ninstrument: mifir\ncelex: \"32014R0600\"\nregulation: MiFIR\nregulation-full: \"Regulation (EU) No 600/2014\"\narticle: 43\nstatus: in_force\nobject_id: eu.mifir.legal_text.article.43\ntext_version: \"Consolidated version of 23 November 2025\"\nsource_url: \"https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014R0600-20251123\"\ncheck_status: matched\nverified: true\nlast_checked: 2026-10-26\n---\n\n*In force · Consolidated version of 23 November 2025 · Checked against EUR-Lex on 26 Oct 2026 · [Official source](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02014R0600-20251123)*\n\n1. <a id=\"p-1\"></a>ESMA or, for structured deposits, EBA shall perform a facilitation and coordination role in relation to action taken by competent authorities under [Article 42](42.md). In particular ESMA or, for structured deposits, EBA shall ensure that action taken by a competent authority is justified and proportionate and that where appropriate a consistent approach is taken by competent authorities.\n2. <a id=\"p-2\"></a>After receiving notification under [Article 42](42.md) of any action that is to be imposed under that Article, ESMA or, for structured deposits, EBA shall adopt an opinion on whether the prohibition or restriction is justified and proportionate. If ESMA or, for structured deposits, EBA considers that the taking of a measure by other competent authorities is necessary to address the risk, it shall state this in its opinion. The opinion shall be published on ESMA’s or, for structured deposits, EBA website.\n3. <a id=\"p-3\"></a>Where a competent authority proposes to take, or takes, action contrary to an opinion adopted by ESMA or EBA under paragraph 2 or declines to take action contrary to such an opinion, it shall immediately publish on its website a notice fully explaining its reasons for so doing.\n\n***\n\n[Title VII — Supervisory measures on product intervention and positions](../titles/vii.md) · [← Article 42](42.md) · [Article 44 →](44.md)\n"}