Home / CY AIFM Law of 2013 / PART ΙΧ – SUPERVISION RULES / CHAPTER 2 - Cooperation of the Commission with the competent authorities of other Member States / Section 80 - Exchange of information relating to the potential systemic consequences of AIFM activity.
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Exchange of information relating to the potential systemic consequences of AIFM activity.
80.-(1) The Commission, as the competent authority for the authorisation and/or supervision of AIFMs under this Law, shall communicate information to the competent authorities of other Member States where this is relevant for monitoring and responding to the potential implications of the activities of individual AIFMs or AIFMs collectively for the stability of systemically relevant financial institutions and the orderly functioning of markets on which AIFMs are active. The Commission shall also inform ESMA and the ESRB.
(2) Subject to the provisions of Article 35 of Regulation (EU) No 1095/2010, the Commission shall communicate aggregated information relating to the activities of AIFMs under its supervision to ESMA and the ESRB.
(3) The Commission may, by Directive, specify the way and frequency of the information to be exchanged pursuant to subsection (1).
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