Purpose and general principles. 1. The purpose of this Cooperative Arrangement is to formalise cooperation and information-sharing mechanisms between the Authorities in relation to CCPs and Supervised entities. 2. This Cooperative Arrangement is aimed at ensuring the effective exchange of Supervisory information for the performance of the Authorities’ respective tasks, to the extent permitted by law. 3. The Authorities recognise that cooperation under this Cooperative Arrangement could be denied on the grounds of laws, regulations and requirements, or public interest, as well as where it would interfere with an ongoing investigation or impede the smooth and effective execution of tasks conferred on the Authorities by Union law and/or their statutes.
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