(ii)
the problems encountered regarding: effective cooperation among competent authorities, effective functioning of the notification system, the indication of the Member State of reference, the effective exercise by the competent authorities of their supervisory functions being prevented by the laws, regulations or administrative provisions of a third country governing AIFMs, or by limitations in the supervisory and investigatory powers of the third country supervisory authorities, investor protection, investor access in the Union, the impact on developing countries, mediation by ESMA, including the number of cases and the effectiveness of the mediation;
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Source: EUR-Lex (Cellar) · retrieved 2026-10-10 · Text as adopted (Official Journal); later amendments are not incorporated in this text.