TITLE VIU.K. COMPETENT AUTHORITIES

CHAPTER II U.K. Cooperation between the competent authorities of the Member States and with ESMA

Article 82U.K.Binding mediation

1.The competent authorities may refer to ESMA situations where a request relating to one of the following has been rejected or has not been acted upon within a reasonable time:

(a)to carry out a supervisory activity, an on-the-spot verification, or an investigation, as provided for in Article 80; or

(b)to exchange information as provided for in Article 81.

2.In the situations referred to in paragraph 1, ESMA may act in accordance with Article 19 of Regulation (EU) No 1095/2010, without prejudice to the possibilities for refusing to act on a request for information provided for in Article 83 of this Directive and to the possibility of ESMA acting in accordance with Article 17 of Regulation (EU) No 1095/2010.