The Commission needs accurate and comprehensive information to develop policies, evaluate existing Union law and assess the impact of potential legislative and non-legislative initiatives, including the impact of legislative acts under negotiation. While this Regulation does not establish new rules on information sharing by the authorities with the Commission, in order to provide for an evidence-based approach with respect to determining and evaluating Union policies, the authorities should have the opportunity, and are encouraged, to share with the Commission, in accordance with applicable rules, the information that financial institutions or other entities have reported to them in accordance with Union law.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
