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AI Summary of Article 35a Exchange of information between authorities and with other entities
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Article 35a Exchange of information between authorities and with other entities
1. The Authority and the European Central Bank as referred to in Article 4, point (2)(i), shall share, on a regular or case-by-case basis, information that they obtained from financial institutions or the other authorities when carrying out their duties and that stems from the application and implementation of Union law, with the other authorities upon request, provided that the requesting authority is entitled to obtain that information from financial institutions or the other authorities pursuant to Union law.
2. The Authority and the European Central Bank as referred to in Article 4, point (2)(i), shall request information from any of the other authorities that have obtained that information, instead of requesting it directly from financial institutions, provided that the Authority or the European Central Bank, as applicable, is entitled to obtain that information pursuant to Union law.