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

Article 11 Continuity of existing cooperation agreements

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 11 of the ITS on cooperation for the purposes of direct supervision say?

This article deals with the continuity of cooperation agreements during the transfer of supervisory competence from financial supervisors to the Authority — making it a direct companion to the transfer provisions established in Articles 9 and 10.

It essentially addresses what happens to pre-existing cooperation agreements that a financial supervisor had in place with other authorities when those tasks move to the Authority.

The overall logic is one of continuity without conflict: existing agreements survive the transition, but yield to any new arrangements the Authority puts in place.

Important points:

Existing cooperation agreements entered into by financial supervisors remain in force after a change in competence, but only to the extent they do not conflict with the Authority's assigned tasks.
The Authority may join existing agreements or establish new ones to cover the transferred tasks, and financial supervisors must stop applying existing agreements once the Authority replaces them.
Financial supervisors are required to assist the Authority in executing existing cooperation agreements where necessary, and to do so in coordination with the Authority.

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

All existing cooperation agreements with other authorities entered into by a financial supervisor prior to the change in competence, that cover at least in part tasks transferred to the Authority shall continue to apply to the extent that they do not conflict with the tasks assigned to the Authority by Regulation (EU) 2024/1620. The Authority may decide to participate in such existing cooperation agreements in accordance with the procedures applicable to those agreements, or may establish new cooperation agreements with third parties for the tasks transferred to it by Regulation (EU) 2024/1620. A financial supervisor shall continue to apply existing cooperation agreements only to the extent they are not replaced by cooperation agreements concluded by the Authority. Where necessary for the execution of the existing cooperation agreements, the financial supervisor shall assist the Authority, in particular in regards those agreements in coordination with the Authority.

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