Requirement (MIFID)
Article 15 Request for cooperation and exchange of information
Requirements MIFID - REGULATION (EC) No 1287/2006
Description
Description
1. Where a competent authority wishes another competent
authority to supply or exchange information in accordance with
Article 58(1) of Directive 2004/39/EC, it shall submit a written
request to that competent authority containing sufficient detail
to enable it to provide the information requested.
However, in a case of urgency, the request may be transmitted
orally provided that it is confirmed in writing.
The competent authority which receives a request shall acknowledge
receipt as soon as practicable.
2. Where the information requested under paragraph 1 is
internally available to the competent authority that receives the
request, that authority shall transmit the requested information
without delay to the competent authority which made the
request.
However, if the competent authority that receives the request
does not possess or control the information requested, it shall
immediately take the necessary steps to obtain that information
and to comply fully with the request. That competent authority
shall also inform the competent authority that made the request
of the reasons for not sending immediately the information
requested.
Comment
Applies to Article 58(1) of Directive 2004/39/EC