Amendment of the Capital Requirements Regulations 2006
This section has no associated Explanatory Memorandum
7. In regulation 11 (the Authority’s duties as an EEA consolidated supervisor: co-ordination and co-operation requirements) after paragraph (3) insert—
“(4) Where a relevant competent authority fails to co-operate with the Authority to the extent required, the Authority may refer the matter to EBA, which may act in accordance with Article 19 of the regulation establishing EBA.”.