Updated 04/02/2025
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Article 3 - Implementing Regulation 2024/2494

Article 3

Means of communication

1.   For the purposes of cooperation and exchange of information in accordance with Article 96(1) of Regulation (EU) 2023/1114, competent authorities and ESMA and EBA shall communicate in writing either by post or by electronic means, unless otherwise provided for in this Regulation.

2.   When determining the most appropriate means of communication in any particular case, competent authorities, ESMA and EBA shall take due account of the following:

(a)

confidentiality considerations;

(b)

the time necessary for correspondence;

(c)

the volume of material to be communicated;

(d)

the ease of access to the information that is being exchanged.

3.   The means of communication referred to in paragraph 1 shall ensure the completeness, integrity and confidentiality of the information during the transmission thereof.