Article 11
Referral to ESMA under Article 25(7)
Referral to ESMA under Article 25(7) of Regulation (EU) No 596/2014 of a rejection or absence of action within a reasonable timeframe shall be made in writing and shall include:
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                            (a)  | 
                        
                            a copy of the request for cooperation or exchange of information and any reply received;  | 
                     
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                            (b)  | 
                        
                            the reasons for referring to ESMA the rejection or absence of action.  |