S.L. 403.17 Art. 38Cooperation with authorities responsible for credit institutions and investment firms.

(1) Where an authorised insurance undertaking, an authorised reinsurance undertaking, a European insurance undertaking or a European reinsurance undertaking and either a credit institution as defined in Directive 2013/36/EU of the

European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, or an investment firm as defined in Directive 2004/39/EC, or both, are directly or indirectly related or have a common participating undertaking, the competent authority or the European regulatory authorities concerned and the authorities responsible for the supervision of those credit institutions or investment firms shall cooperate closely.

(2) Without prejudice to their respective responsibilities, those authorities referred to in sub-regulation (1) shall provide one another with any information likely to simplify their task, in particular as set out in Title III of the Solvency II Directive.