Source: AMLA final report draft
- Anti-money laundering
AMLAR supplemental acts
- ITS on cooperation for the purposes of direct supervision
Article 2 Duty to cooperate in good faith
This is a draft act
This text has been parsed from the AMLA final report draft as published on 21 July 2026. 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.
Earlier drafts: AMLA consultation paper draft (16 December 2025)
In accordance with Articles 7(2) and 15(1) of Regulation (EU) 2024/1620, the financial supervisors and the Authority shall cooperate in good faith, in particular during the selection process, the transfer of supervisory tasks and the coordination of the continuity of pending supervisory procedures and investigations.
The financial supervisors and the Authority shall exchange, in a timely, complete and accurate manner, all information and data which are necessary for the Authority and the financial supervisors for the selection process and to carry out their tasks.
Where a change in competence occurs pursuant to Article 13(4) or (6) of Regulation (EU) 2024/1620, the financial supervisors and the Authority shall cooperate and provide mutual support to facilitate a seamless transition and ensure effective supervision of the obliged entity on a continuous basis.
The financial supervisors and the Authority shall cooperate with regard to the completion of any pending procedure and may exchange any relevant information for this purpose.
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Definition
supervisor