Article 12, Paragraph 4. · Commission Delegated Regulation (EU) 2024/595

Contents

4.Where a reporting authority, other than an AML/CFT authority (‘authority indirectly submitting’), submits information and requests to the EBA and receives information from the EBA through the AML/CFT authority in charge of the supervision of the financial sector operator concerned by the material weakness of the Member State where the authority indirectly submitting is established (‘authority enabling indirect submission’), the following shall apply:

(a)the authority indirectly submitting shall submit information and requests to and receive information from the EBA only through the authority enabling indirect submission;

(b)the liability of the authority enabling indirect submission shall be limited solely to submitting to the EBA all the information and requests received from the authority indirectly submitting and to transferring to that authority all the information received from the EBA;

(c)the authority indirectly submitting shall remain exclusively liable to comply with its obligations to report material weaknesses and measures in accordance with this Regulation;

(d)the notifications under Article 9a(3) of Regulation (EU) No 1093/2010 shall be done by the EBA for the authority indirectly submitting through the authority enabling indirect submission.