rec_33

(33) Experience of the ESAs has revealed the benefits of enhanced coordination in certain areas via ad hoc groups or platforms. This Regulation should provide a legal basis for, and strengthen, such arrangements through the creation of a new tool, namely, the establishment of coordination groups. Such coordination groups should promote convergence in relation to the supervisory practices undertaken by competent authorities, in particular through the exchange of information and experience. The participation of all competent authorities in those coordination groups should be mandatory and competent authorities should provide the coordination groups with the necessary information. The setting up of coordination groups should be considered wherever the competent authorities identify a need to coordinate in view of specific market developments. Such coordination groups may be set up with regard to all areas covered by the legislative acts referred to in Article 1(2) of the founding regulations.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-14 · Text as adopted (Official Journal); later amendments are not incorporated in this text.