Updated 04/02/2025
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Article 40 - Regulation 2016/1011 (BMR)

Article 40

Competent authorities

1.   For administrators and supervised entities, each Member State shall designate the relevant competent authority responsible for carrying out the duties under this Regulation and shall inform the Commission and ESMA thereof.

2.   Where a Member State designates more than one competent authority, it shall clearly determine their respective roles and shall designate a single authority to be responsible for coordinating cooperation and the exchange of information with the Commission, ESMA and other Member States' competent authorities.

3.   ESMA shall publish on its website a list of the competent authorities designated in accordance with paragraphs 1 and 2.