Article 19

Cooperation with third-country competent authorities

1. Article 25(1) and (2) of Directive 2000/12/EC and Article 10a of Directive 98/78/EC shall apply mutatis mutandis to the negotiation of agreements with one or more third countries regarding the means of exercising supplementary supervision of regulated entities in a financial conglomerate.

2. The Commission, the Banking Advisory Committee, the Insurance Committee and the Financial Conglomerates Committee shall examine the outcome of the negotiations referred to in paragraph 1 and the resulting situation.

CHAPTER III

POWERS CONFERRED ON THE COMMISSION AND COMMITTEE PROCEDURE