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EMFA

EMFA Article 7. National regulatory authorities or bodies

  • 1.
    The national regulatory authorities or bodies shall ensure, where applicable by consulting or coordinating with other relevant authorities or bodies or, where relevant, self-regulatory bodies in their Member States, that this Chapter is applied.
  • 2.
    The national regulatory authorities or bodies shall be subject to the requirements set out in Article 30 of Directive 2010/13/EU in relation to the exercise of the tasks assigned to them by this Regulation.
  • 3.
    Member States shall ensure that the national regulatory authorities or bodies have adequate financial, human and technical resources to carry out their tasks under this Regulation.
  • 4.
    Where needed for carrying out their tasks under this Regulation, Member States shall ensure that the national regulatory authorities or bodies are empowered to request the following persons to provide, within a reasonable period of time, information and data that are proportionate and necessary for carrying out the tasks under this Chapter:
    • (a)
      the natural persons to whom or the legal persons to which this Chapter applies; and
    • (b)
      any other natural or legal person that, for purposes related to its trade, business or profession, might reasonably be in possession of such information and data.

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