S.L. 370.33 Art. 8Co-operation with other European regulatory authorities.

(1) In the exercise of its powers to impose penalties, the competent authority shall cooperate closely with other European regulatory authorities to ensure that the supervisory and investigative powers and administrative penalties produce the results pursued by these regulations.

(2) The competent authority shall also coordinate actions to avoid possible duplication and overlap when applying supervisory and investigative powers and administrative penalties and measures to cross-border cases in accordance with articles 17, 17A and 17B of the Act.