Article 16
Reply to a request for cooperation or exchange of information
1. The requested competent authority shall provide its reply to the requesting competent authority by means of the template set out in Annex XII. If the reply is relevant for EIOPA’s duties, the requested competent authority shall forward the response also to EIOPA. In its reply, the requested competent authority shall:
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(a) |
request further clarification in any form as soon as possible where it has doubts in relation to the request; |
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(b) |
take reasonable steps within the scope of its powers to cooperate or provide the requested information; |
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(c) |
execute the request in a way that facilitates any necessary regulatory action to be undertaken in a timely manner, taking into account the complexity of the request and the necessity to involve another competent authority; |
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(d) |
provide any additional essential information on its own initiative. |
2. Where due to the complexity of the request or the amount of information requested the requested competent authority is unable to meet the time limit set in that request, it shall:
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(a) |
promptly inform the requesting competent authority of the reasons that justify such delay and provide an estimated date of response; |
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(b) |
provide already available information by means of the template set out in Annex XII; |
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(c) |
provide any missing information as soon as it becomes available in a manner that ensures that any necessary action can be taken expediently. |