TITLE IV

COMPETENT AUTHORITIES
CHAPTER I

DESIGNATION, POWERS AND REDRESS PROCEDURES

Designation of competent authorities
Article 48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Cooperation between authorities in the same Member State
Article 49 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Powers to be made available to competent authorities
Article 50 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Administrative sanctions
Article 51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Right of appeal
Article 52 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Extra-judicial mechanism for investors' complaints
Article 53 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Professional secrecy
Article 54 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Relations with auditors
Article 55 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER II

COOPERATION BETWEEN THE COMPETENT AUTHORITIES OF THE MEMBER STATES AND WITH ESMA

Obligation to cooperate
Article 56 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Cooperation in supervisory activities, on-the-spot verifications or in investigations
Article 57 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Exchange of information
Article 58 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Binding mediation
Article 58a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Refusal to cooperate
Article 59 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Inter-authority consultation prior to authorisation
Article 60 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Powers for host Member States
Article 61 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Precautionary measures to be taken by host Member States
Article 62 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Cooperation and exchange of information with ESMA
Article 62a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CHAPTER III

COOPERATION WITH THIRD COUNTRIES

Exchange of information with third countries
Article 63 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Repealed by Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (recast) (Text with EEA relevance).