In this act Article 5 of 12
Article 5 — Reply to a request for cooperation or exchange of information
Financial servicesLevel 2RTSPSD2In forceIn force on the date shown, by the dates in the Official Journal.VerifiedIdentical to the official source.Official source
1.No later than twenty working days after receipt of a request for cooperation or exchange of information, the requested authority shall provide the following information:
The information shall be provided using the form set out in Annex II. It shall be submitted to the single contact point of the requesting authority.
2.The requested authority shall inform the requesting authority of any clarification it requires in relation to the request received.
3.Where, on the basis of the complexity of the request or the amount of information requested, the requested authority is unable to meet the time limit set out in paragraph 1, it shall immediately inform the requesting authority of the justifiable reasons that necessitate any such delay and provide an estimated date of response.
4.Where, as referred to in paragraph 3, the requested authority is not able to provide all the information required within the time limit set out in paragraph 1, it shall provide the information available to it within the time limit set out in that paragraph. For that purpose, it shall use the form in Annex II.
5.The requested authority shall provide the missing information as soon as it becomes available. The requested authority may provide that information in any manner, including orally, that ensures that any necessary action may be taken expediently.
6.Where a procedure for the settlement of a disagreement between the competent authorities of different Member States has been initiated in accordance with Article 27 of Directive (EU) 2015/2366 in relation to a request for cooperation or exchange of information, paragraphs 1 to 4 of this Article shall not apply pending resolution of the procedure under Article 19 of Regulation (EU) No 1093/2010.