4.

The competent authority may request assistance from the competent authority of another Member State with regard to on-site inspections or investigations. A requesting competent authority shall inform ESMA of any request referred to in the first subparagraph. In the case of an on-site inspection or investigation with cross-border effect, ESMA shall, where requested to do so by one of the competent authorities, coordinate the inspection or investigation. Where a competent authority receives a request from a competent authority of another Member State to carry out an on-site inspection or an investigation, it may do any of the following: carry out the on-site inspection or investigation itself; allow the competent authority which submitted the request to participate in an on-site inspection or investigation; allow the competent authority which submitted the request to carry out the on-site inspection or investigation itself; appoint auditors or experts to carry out the on-site inspection or investigation; share specific tasks related to supervisory activities with the other competent authorities.

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Source: EUR-Lex (Cellar) · retrieved 2026-09-25 · Text as adopted (Official Journal); later amendments are not incorporated in this text.