Exchange of information during an emergency situation
Article 20
1. The consolidating supervisor and the members of the college of supervisors shall exchange all information necessary to facilitate the exercise of the tasks referred to in Article 114(1) of Directive 2013/36/EU, subject to the confidentiality requirements laid down in Section II of Chapter 1 of Title VII of that Directive, and where applicable, Articles 76 and 81 of Directive 2014/65/EU. 2. Upon being alerted of an emergency situation by any member or observer of the college of supervisors, or after having identified an emergency situation, the consolidating supervisor shall communicate the information referred to in Article 19(2), point (b), following the procedures established in accordance with point (a) of that paragraph, to the members of the college of supervisors that supervise group entities or significant branches affected or likely to be affected by the emergency situation, and to EBA. 3. Depending on the nature, severity, potential systemic impact or other impact, and on the likelihood of contagion of the emergency situation, the members of the college of supervisors that supervise group entities or significant branches affected or likely to be affected by that emergency situation and the consolidating supervisor may exchange additional information. 4. Where the information referred to in paragraphs 2 and 3 is relevant for the performance of the tasks of observers, and in particular of the group-level resolution authority, the consolidating supervisor shall communicate that information to those observers. 5. When responding to an emergency situation as referred to in Article 16 of Implementing Regulation (EU) 2025/790, the consolidating supervisor shall without undue delay involve the group-level resolution authority and share input received from that authority with the members of the college of supervisors.