Anti-money laundering
AMLAR supplemental acts
ITS on cooperation for the purposes of direct supervision

Article 1 Duty to cooperate in good faith

This is a draft act

This text has been parsed from the AMLA consultation paper draft as published on 16 December 2025. While we run a suite of validations, the automated parsing can result in errors. Also, before it is finally adopted by the Commission, its wording, numbering and references may change, and entire articles might be removed or added.

Summary What does Article 1 of the ITS on cooperation for the purposes of direct supervision say?

This is the foundational article of the regulation, establishing the overarching cooperative relationship between the Authority (AMLA) and financial supervisors.

It sets the tone for the entire regulation by anchoring the duty to cooperate in good faith and exchange information in the pre-existing framework of Regulation (EU) 2024/1620.

The article then narrows this general duty down to two core operational objectives: accurately identifying and assessing obliged entities, and maintaining continuous and effective supervision of selected obliged entities, even across transfers of supervisory responsibilities.

Important points:

The Authority and financial supervisors are required to cooperate in good faith and exchange all necessary information in a timely and accurate manner.
Both parties must ensure the accurate identification, assessment, and listing of eligible and selected obliged entities.
Supervisory continuity and effectiveness must be maintained, including during transfers of supervisory tasks and powers.

Springlex's summary of the article, a reading aid, not a substitute for the legal text.

1. In accordance with Articles 7(2) and 15(1) of Regulation (EU) 2024/1620, the Authority and the financial supervisors shall cooperate in good faith and shall exchange, in a timely and accurate manner, all information and data which are necessary for the Authority and the financial supervisors to carry out the tasks conferred on them in accordance with Regulation (EU) 2024/1620, Directive (EU) 2024/1640 and other applicable Union or national law, including information necessary for financial supervisors to carry out their role in assisting the Authority where appropriate.
1. In the exercise of their duties, financial supervisors and the Authority shall, in particular, ensure the accurate identification and assessment of eligible obliged entities and listing of selected obliged entities, as well as the continuity and the effectiveness of the supervision of selected obliged entities, including during transfers of supervisory tasks and powers.

Table of contents

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