# Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (recast) (Text with EEA relevance), Article 83: Refusal to cooperate

Extent: E+W+S+N.I.

A competent authority may refuse to act on a request for cooperation in carrying out an investigation, on-the-spot verification or supervisory activity as provided for in Article 84 or to exchange information as provided for in Article 81 only where:
(a) judicial proceedings have already been initiated in respect of the same actions and the same persons before the authorities of the Member State addressed;
(b) final judgment has already been delivered in the Member State addressed in respect of the same persons and the same actions.
In the case of such a refusal, the competent authority shall notify the requesting competent authority and ESMA accordingly, providing as detailed information as possible.

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Source: https://www.legislation.gov.uk/eudr/2014/65/article/83 (the official version)
Page: https://openlegislation.uk/eu-directive-2014-65/article-83
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.

