COMMISSION DELEGATED REGULATION (EU) 2021/1783

of 2 July 2021

supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards containing a template document for cooperation arrangements with third countries

(Text with EEA relevance)

THE EUROPEAN COMMISSION,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (1), and in particular the fourth subparagraph of Article 26(2) thereof,

Whereas:

(1) Article 26(1) of Regulation (EU) No 596/2014 requires the competent authorities of Member States where necessary to conclude cooperation arrangements with supervisory authorities of third countries concerning the exchange of information and the enforcement of obligations arising under that Regulation in third countries. Cooperation arrangements on exchange of information can only be concluded if the information to be disclosed under them is subject to guarantees of professional secrecy at least equivalent to those set out in Article 27 of that Regulation, and such exchanges must be intended for the performance of the tasks of the competent authorities in question.

(2) The third subparagraph of Article 25(8) of Regulation (EU) No 596/2014 requires competent authorities where possible to conclude cooperation arrangements with third-country regulatory authorities responsible for related spot markets in accordance with Article 26 of that Regulation.

(3) In concluding new cooperation arrangements and updating existing cooperation arrangements with third-country authorities, the competent authorities where possible are to use the template document adopted pursuant to Article 26 of Regulation (EU) No 2014/596.