Recital 11

(11) In order to ensure that competent authorities are able to intervene before a material operation is undertaken, they should be notified in advance. That notification should be accompanied by information necessary for the competent authorities to assess the proposed operation from a prudential and anti-money laundering and counter-terrorist financing perspective. That assessment by competent authorities should commence at the moment of the receipt of the notification including all the requested information. In the case of the acquisition of a material holding, or where the proposed operation involves only financial stakeholders from the same group, that assessment should be limited in time.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.