ESMA shall fulfil a coordination role between competent authorities and across colleges to build a common supervisory culture and consistent supervisory practices; ensure uniform procedures and consistent approaches; strengthen consistency in supervisory outcomes, notably for supervisory areas with a cross‑border dimension or possible cross‑border impact; strengthen coordination in emergency situations in accordance with Article 24; and assess risks when providing opinions to competent authorities under paragraph 2 on CCPs' compliance with this Regulation in relation to identified cross‑border risks or risks to the financial stability of the Union, providing recommendations on mitigation.

Competent authorities shall submit their draft decisions, reports or other measures to ESMA for its opinion before adopting any act or measure pursuant to Articles 7, 8 and 14, Article 15(1) second subparagraph, Article 21, Articles 29 to 33, and Articles 35, 36, 37, 41 and 54, and, except where a decision is required urgently, Article 20. Competent authorities may also submit draft decisions to ESMA for its opinion before adopting any other act or measure in accordance with their duties under Article 22(1).