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Chapter III · Cooperation between competent authorities › Article 31

Mediation

1.   CESR shall establish a mediation mechanism to assist in finding a common view among the competent authorities concerned.

2.   In the event of disagreement between competent authorities concerning an examination or action under this Regulation, they shall refer the matter to CESR for mediation. The competent authorities concerned shall give due consideration to the advice of CESR and shall provide full reasons for any deviation from that advice.

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