Cap. 370 Art. 17DReferral to ESMA.

The competent authority 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 exchange information as provided for in article 17;

(b) to carry out a supervisory activity, an on-site verification or an investigation, as provided for in article 17A; and

(c) to seek authorisation for its officials to accompany those of the European regulatory authority as provided for in article 17A.