If a competent authority does not receive an exchange that was expected pursuant to a notification from an MNE group, it should notify the competent authority that was expected to send the information of the missing exchange. The competent authority that was expected to send the information should without undue delay determine the reason for not exchanging the relevant information and inform the competent authority that notified the missing exchange of that reason within 1 month, indicating, where relevant, the expected new date for the exchange. In order to ensure the effective operation of Directive 2011/16/EU, it is understood that the exchange should take place as soon as possible to avoid causing additional delays for Member States. The expected exchange date should be set for a date no later than 3 months from the date of the receipt of notification of the missing exchange.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
